What is cost of goods manufactured

Assignment Help Accounting Basics
Reference no: EM132108986

Question - The following information is taken from the financial records of Gunner Manufacturing:

Cost of materials used

$45,000

Direct labor costs

48,000

Factory overhead

39,000

Work in process, beg.

18,000

Work in process, end.

28,000

What is cost of goods manufactured?

a. $178,000

b. $132,000

c. $122,000

d. $142,000

Reference no: EM132108986

Questions Cloud

Hired brummet to head its development division : Hardin Associates, a developer of shopping centers, hired Brummet to head its development division.
Does this release protect the defendants from liability : Barbara employed Dwain and Robert to teach her to sky dive. Does this release protect the defendants from liability?
Compute the stock turnover proportion : Compute the stock turnover proportion, days in stock, and gross benefit rate for Hidalgo, Inc. for 2004, 2005, and 2006
Oral contract to purchase a farm from burnside : Brown entered into an oral contract to purchase a farm from Burnside. Brown sought specific performance of the oral contract.
What is cost of goods manufactured : The following information is taken from the financial records of Gunner Manufacturing: What is cost of goods manufactured
Define the concepts of managerial accounting : Many of the concepts in managerial accounting were first developed for the manufacturing environment. Do you think the same concepts, such as variable costs.
What are the revenues for division : Income from operations for Division L is $250,000, total service department charges are $400,000, What are the revenues for Division L
Use the whole-by-whole pattern or the part-by-part pattern : In organizing your discussion of the three models, should you use the whole-by-whole pattern or the part-by-part pattern? Why?
Enhance ethical conduct at the executive level : How widespread are ethical problems in corporate America? What can be done to enhance ethical conduct at the executive level?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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