Calculate the cost of goods sold for the month

Assignment Help Accounting Basics
Reference no: EM133360216

Case: Blue Diamond Company have the following information related to the month May 2022

- Material Purchases $300000

- Direct Labor Cost $ 150000

- Manufacturing Overhear $250000

- During the month of Mat 110000 units was completed

  May 1  May 30
Materials $70000 $90000
Work in Process $50000 $20000
Finished Goods 10000 Units 20000 Units
Cost of Finished Goods  $60000 $140000

Required

Calculate the cost of goods Sold for the month of May 2022

Reference no: EM133360216

Questions Cloud

What went into your decision and what did you need to know : What went into your decision? What did you need to know, do, and consider? How did you determine what to do next? What was the outcome? If you had to do it
What is citizen journalism : What is citizen journalism? How has it changed over time? Do you agree with the speaker's perspective (Brian Conley's Ted Talk?)
An analysis for the quality review of the work : An analysis for the quality review of the work - The only thing needed now is your quality review of the work before Angela signs the opinion
What surprised you the most about betty : What surprised you the most about Betty? Explain your response. Betty talks about her mom being put into a nursing home. Do you feel that ageism
Calculate the cost of goods sold for the month : Calculate the cost of goods Sold for the month of May 2022 - Blue Diamond Company have the following information related to the month May 2022
Describe the different physical characteristics or findings : Describe the different physical characteristics/findings within the school-aged child. Explain how you would modify assessment techniques to match the age
What is this a positive strategy : What are your thoughts on a company shifting its external communication to be more appealing to different cultures? Is this a positive strategy?
Average daily pay for each employee : employees worked the full month. Record the vacation pay liability for January, assuming the average daily pay for each employee is $120
How is gfr measured what are the strengths and limitations : How is the GFR measured? What are the strengths and limitations of methods of determining GFR? How is the mechanism of action of GFR in children?

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