What is the amount of cost of goods manufactured

Assignment Help Financial Accounting
Reference no: EM13863909

The beginning and ending finished goods inventories of the Prize Ring manufacturing company were $87,000 and $82,000 respectively. If cost of goods sold equaled $73,200, what is the amount of cost of goods manufactured for this period?

Reference no: EM13863909

Questions Cloud

Cost per equivalent unit for each of three cost items-total : Regal Polish manufactures a single product in one department and uses a process costing system. At the start of May, there were 5,000 units in process that were 100 percent complete with respect to direct materials and 50 percent complete with respec..
Paper on personality : Paper on Personality, The paper should provide, but not be limited to, the following information: A clear definition of the topic/issue selected and Explanation of how the topic pertains to the field of Organizational Behavior
Total amount of cash payments for merchandise : A company's inventory balance was $204,000 at 12/31/11 and $191,600 at 12/31/12. Its accounts payable balance was $81,600 at 12/31/11 and $85,800 at 12/31/12, and its cost of goods sold for 2012 was $734,400. The company's total amount of cash paymen..
What recommendation regarding the final allocation amounts? : recommendation regarding the final allocation amounts?
What is the amount of cost of goods manufactured : The beginning and ending finished goods inventories of the Prize Ring manufacturing company were $87,000 and $82,000 respectively. If cost of goods sold equaled $73,200, what is the amount of cost of goods manufactured for this period?
Inspection cost is mixed cost that depends on units produced : January units produced 630 & inspection cost $8,850. February units produced 615 & in $8,819. March 602 units produced & inspection cost $8,760. April 595 unit produced & $8,743 inspection cost. Management believes that inspection cost is a mixed cos..
Describe a high-level timeline that includes key tasks : Describe a high-level timeline that includes key tasks and deadlines
Management believes that maintenance cost is mixed cost : April machine-Hours 5,799 & maintenance Cost $30,379. May machine hours 5,782 & maintenance cost $30,289. June machine-hours 5,764 & maintenance cot $30,237. July machine-hours 5,761 & $30,233. August machine-hours 5,717 & $30,078. Management believe..
Best bookstores accounting equation : On June 1, Williams Book Company sold Best Bookstore $4,300 of books for cash. During the month, Best Bookstore returned books costing $500 to Williams for a cash refund. In the same month, Best sold the remaining books to their customers for a total..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Overhead to production at a predetermined rate

Simmons Inc. applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 250, the only job still in process at the end of August, has been charged with manufacturing overhead of $7,200. What was the amount of dir..

  Employee participation in improving performance

Many organizations involve workers in creating ideas for improving performance. Accordingly, one company decided to create an employee of the month incentive reward which would be awarded to the employee who most effective in improving the performanc..

  Prepare a post-closing trial balance sheet

Debit entry for each of them separately and then make one credit entry in the total amount to the Income Summary account.

  Single plant wide factory overhead rate

Determine the total amount of factory overhead that should be allocated to sprockets using machine hours as the allocation base. If required, round your answer to the nearest dollar.

  Negotiated transfer price among the two divisions

Assuming all of the containers produced by the bottle Division can be sold to outside companies, which of the following is the range at which a negotiated transfer price among the two divisions should occur?

  Inventories reflected in the income statement

The cash generated from reducing inventories will be used to buy tax-exempt securities which have a? percent rate of return. What will your profit margin be after the change in inventories reflected in the income statement?

  Describe the limitations of ratio analysis

Below are extracts from the financial statements of a listed company which operates a chain of bakery and sandwich retail outlets in the United Kingdom.

  Show labeled computations for amount of income tax payable

Prepare a journal entry to record income taxes for the year 2008. Show labeled computations for the amount of income tax payable and the change in the deferred tax account.

  Evaluate the predetermined overhead rate

Evaluate the company's predetermined overhead rate for the year. Logan's actual manufacturing overhead for the year was $749,346 and its real total direct labor was 28,500 hours.

  Prepare an income distribution worksheet

Journalize closing of the income summary accounts to the capital accounts and prepare an income distribution worksheet

  Coupon bonds with semi annual payments and yield to maturity

The Rose Shoppe offers 10-year, 8 percent coupon bonds with semi annual payments and a yield to maturity of 8.24 percent. What is the market price of a $1,000 face value bond?

  Using the profitability index-mutually exclusive projects

Using the profitability index, which of the following mutually exclusive projects should be accepted?

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