Prepare kevin schedule of cost of goods sold for the year

Assignment Help Cost Accounting
Reference no: EM132561813

The following data refer to Kevin Company for the year 2020:

Sales Revenue ... $400000

Work in process (Dec 31) $5,500

Selling& Ad expenses $52,500

Purchases of raw material $45,000

Work in process (Jan 1) $10,000

Income tax expenses $22,500

Ending raw material $900

Direct labor $34,000

Raw material (Jan 1) $10,000

Utilities: plant $10,000

Depreciation equipment $15,000

Finished goods (Dec 31) $12,500

Finished goods (Jan 1) $5,000

Indirect material $2,500

Indirect labor $3,750

Other manufacturing overhead $20,000

Required:

Question 1. Prepare Kevin schedule of cost of goods manufactured for the year

Question 2. Prepare Kevin schedule of cost of goods sold for the year.

Reference no: EM132561813

Questions Cloud

Calculate the internal rate of return of each investment : Velma and Keota (V&K) is a partnership that owns a small company. Calculate the internal rate of return of each investment opportunity
Thyroid gland or the pituitary gland : If a doctor discovered a patient had very low levels of thyroxine but high levels of TSH, would the patient's problem
Curriculum development and instructional supervision : Powerpoint about types of curriculum, please use pictures, charts, graphs and put notes , around 15 slides -Curriculum development and instructional supervision
Oxygen became unavailable in the cells : What would happen if oxygen became unavailable in the cells?
Prepare kevin schedule of cost of goods sold for the year : Kevin Company, Prepare Kevin schedule of cost of goods manufactured for the year. Prepare Kevin schedule of cost of goods sold for the year.
Powerpoint about types of curriculum : Curriculum development and instructional supervision-Powerpoint about types of curriculum, please use pictures, charts, graphs and put notes , around 15 slides
Calculate net present value of each investment opportunity : Stuart Company has a choice of two investment alternatives. Calculate net present value of each investment opportunity
Determine chromosome number : Karyotypes are one way to determine chromosome number, and associated abnormalities. Attached, is an example of a karyotype
Determine the impact on break-even point in dollars : Explain and then determine the impact on Break-even point in dollars if the company fixed factory overheads increase by $1700?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd