What is the cost of goods manufactured

Assignment Help Accounting Basics
Reference no: EM13130430

The total manufacturing costs added to production during the period is $110,000. The materials inventory increased from the beginning to the end of the period by $12,000, while the work in process inventory decreased from the beginning to the end of the period by $5,000. What is the cost of goods manufactured?

A) $105,000

B) $103,000

C) $115,000

Reference no: EM13130430

Questions Cloud

How much may the employer deduct for these expenses : Carl, an employee of a Miami CPA firm, was sent to work in Tampa for eight months on March 1, year 1, on a financial audit. His monthly transportation expenses were $400, his monthly lodging was $1,200, and his meals were $800 per month.
Dilution and percentages problem : A restaurant manager has 2 liters of white wine that is 12% alcohol. How many liters of grape juice should he add to get a drink that is 10% alcohol?
Explain grams of calcium carbonate : Why is sodium chloride added to the tea solution before extracting with ethyl acetate? 4 grams of calcium carbonate was added to 90 ml's of water in a flask
Factors for the discrepancy : factors for the discrepancy between English spelling and its pronunciation
What is the cost of goods manufactured : The materials inventory increased from the beginning to the end of the period by $12,000, while the work in process inventory decreased from the beginning to the end of the period by $5,000. What is the cost of goods manufactured?
What is collins allowable ftc for the current year : Collins, Inc., a domestic corporation, operates a manufacturing branch in Singapore. During the current year, the manufacturing branch produces a loss of $300000.
Why is the sample not an srs : What is the chance? students over age 21 students under age 21 Why is your sample not an SRS? These combinations of students have equal chances of being interviewed.
How much 0.230m koh is required : How much 0.230M KOH is required to completely neutralize 55.0mL of 0.220M HClO4
Using good scientific terminology with the aid of structures : Which of the following would be expected to be the most stable carcocation. Using good scientific terminology with the aid of structures/equations, clearly explain your answer.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compare and contrast proprietary fund reporting

Compare and contrast proprietary fund reporting under GASB No.34 with GAAP financial reporting for non-governmental entities. Examine why GASB requires the direct method for cash flow statements in the proprietary funds instead of allowing the dir..

  Expected returns on assets and certainty equivalent

What is the expected return of this asset? What is Esperanza's expected utility? What is her certainty equivalent? Suppose that Esperanza can purchase insurance that guarantees her a return of $4900 regardless of the return on the asset.

  Evaluate the methodology for assessing the execution

evaluate the methodology for assessing the execution of a balanced scorecard system. Describe the techniques you would employ to determine the effectiveness of a balanced scorecard in your organization.

  Present value of gold mine

How much should Mr. Graff pay for a gold mine expected to yield an annual return of $20,000 and to have a life expectancy of 20 years, if he wants to have a 15% annual return on his investment and he can set up a sinking fund that earns 10% a year..

  Write a report on internal controls

Write a report on Internal Controls

  Differences between accounting and taxable income

At December 31, 2012, Vermont Industries reported three temporary differences between accounting and taxable income:

  Receipt of the semiannual interest payment

Griggs Company holds $50,000 of 8% bonds as a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the semiannual interest payment.

  Problem related to loss on the income statement

Assuming that the company's tax rate is 30%, what amount will be reported for this loss on the income statement?

  Capriati corp-equity securities entries

Journal entries for equity securities for Capriati Corp in 2012, their first year of business, including unrealized gains or losses in 2012:

  Determine the fixed shipping costs per quarter

If present cost behavior patterns continue, determine total shipping costs for 19X7 if activity amounts to 570 orders.

  What is sam basis in the moore stock

Barbara transfers $10,000 cash and machinery having a $!5,000 basis and a $35,000 FMV to Moore Corp. in exchange for 50 shares of Moore stock.

  Estimating the company future revenues

Assume you are reviewing a company's annual report. In addition to actual revenues reported in the income statement, what other information disclosed would give you help in estimating this company's future revenues?

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