What is cost of goods sold for 2012 d what amount of

Reference no: EM13600031

Hammer Inc., had the following activities during 2012: Direct materials: Beginning inventory $ 20,000 Purchases 61,600 Ending inventory 10,400 Direct manufacturing labor 16,000 Manufacturing overhead 12,000 Beginning work-in-process inventory 800 Ending work-in-process inventory 4,000 Beginning finished goods inventory 24,000 Ending finished goods inventory 16,000

Required:

a. What is the cost of direct materials used during 2012?

b. What is cost of goods manufactured for 2012?

c. What is cost of goods sold for 2012?

d. What amount of prime costs was added to production during 2012? e. What amount of conversion costs was added to production during 2012?

Reference no: EM13600031

Questions Cloud

Compare the mix of assets liabilities capital revenue and : a useful tool in financial statement analysis is the common-size financial statement. what does this tool enable the

The laramie factory produces expensive boots it has two : the laramie factory produces expensive boots. it has two departments that process all the items. during january the

Preparing pro forma income statements with different : preparing pro forma income statements with different assumptions.top executive officers of leach company a

Cowley county hospital uses a job-costing system for all : cowley county hospital uses a job-costing system for all patients who have surgery. in march the pre-operating room

What is cost of goods sold for 2012 d what amount of : hammer inc. had the following activities during 2012 direct materials beginning

Breaky company is launching a new cleaning product for : breaky company is launching a new cleaning product for ceramic vases. the company invests 2900000 in operating assets

Jacobs company manufactures refrigerators the company uses : jacobs company manufactures refrigerators. the company uses a budgeted indirect-cost rate for its manufacturing

On december 5 the store received 500 from the jackson : liability entries and adjustments listed below are selected transactions of schultz department store for the current

Isabelle inc uses a budgeted factory overhead rate to apply : isabelle inc. uses a budgeted factory overhead rate to apply overhead to production. the following data are available

User Account

All Pages