User Account

All Pages

What is ending finished goods inventory

Assignment Help Managerial Accounting
Reference no: EM132810033

Pen Manufacturing Company Inc. produces and sells pens. The following amounts relate to production for the year ended December 31, 2019.

Direct materials used in production $50,000
Direct labour cost for the year 100,000
Manufacturing overhead for the year 150,000
Work in process, beginning 25,000
Finished goods, beginning 10,000
Cost of goods available for sale 315,000
Cost of goods manufactured 305,000
Cost of goods sold 240,000
Work in process, ending 20,000

Problem 1: What is Ending Finished Goods Inventory?

Select one:

a. $193,000
b. $75,000
c. $95,000
d. $50,000

Reference no: EM132810033

Questions Cloud

Incentives play in an effective incentive plan : -What's the role recognition and other non-material incentives play in an effective incentive plan? And the explanation
Make a relevant cost schedule : Make a relevant cost schedule that indicates whether Romeo's Products should buy the wheels from the outside supplier or continue to make them.
Why is malpractice coverage so extremely expensive today : Do you feel that the need for liability insurance adds to or detracts from the patient care that is provided?
What is the importance of job analysis : What is the importance of job analysis? Provide specific details of pros and cons around job analysis methods.
What is ending finished goods inventory : What is Ending Finished Goods Inventory? Pen Manufacturing Company Inc. produces and sells pens. The amounts relate to production for the year
Analyzing jobs and its six sections : What is considered the best researching instruments for analyzing jobs and its six sections about the different aspects of the job?
Explain organization-specific benefits of going global : The global workplace is more dynamic now than ever. Today's global workplace is faced with various challenges and opportunities
Calculate expected utility of wealth from the game g : Calculate expected utility of wealth from this game G. Consider an individual with a quadratic utility function (U(W) = 8*W2) and wealth of 10 euros
Find the loss on realization of the non-cash assets was : Find The loss on realization of the non-cash assets was. As of July 1, 2011, Simon, Orenda and Solomon, partners sharing profits and loss 3:2:1

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Question on operating cycle and cash conversion cycle

Camp Manufacturing turns over its inventory 8 times each year, has an average payment period of 35 days, and has an average collection period of 60 days. The firm's annual sales are 3.5 million dollars. Assume there is no difference in the investm..

  Discuss any ethical concerns with the type of transaction

The company that sells the equipment and insists the equipment is needed. Discuss any ethical concerns you see with this type of transaction.

  Calculate roe for the year ended december

The following information was available for the year ended December 31, 2013:

  Find how a nonprofit organization like peace corps assign

Find how a nonprofit organization like Peace Corps might assign overhead costs to their operations in a particular refugee camp?

  Explanation of abc model and its features

Explain how ABC model can improve the management accounting information available to its top management team i.e. CEO and senior managers

  Calculate nopat invested capital and residual income

Calculate NOPAT, invested capital, and residual income for Katherine's Department Store, and comment on the company's profitability.

  Should cummings make or buy the bottles

Should Cummings make or buy the bottles? Cummings Company has been purchasing 10,000 bottles every year for its product at a cost

  Compute the incremental cost

If the alternative set-up was adopted, direct costs could have been $850,000. In addition, Mozart fixed costs were $100,000. Compute the incremental cost

  Find how much non-free trade credit does the firm use

Find how much "non-free" trade credit does the firm use on average each year? A firm buys on terms of 2/10, net 30, but generally does not pay until 40 days

  Prepare journal entries that troy wholesalers records

May 11 Sydney accepts delivery of $40,000 of merchandise, Prepare journal entries that Troy Wholesalers (seller) records for these three transactions.

  What the company as a whole will be

If Division X refuses to accept the $21 price internally and Division Y continues to buy from the outside supplier, the company as a whole will be

  Compute rockvilles income statement

Compute Rockville's COGManufactured and Compute Rockville's income statement - Rockville adjusts all under- and overapplied to cost of goods sold

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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