Reference no: EM13872403
X Company, a manufacturer, reported the following inventory balance for 2012:
Direct Materials work in process Finished Goods
January1 $15,666 $13,780 $17,432
December 31 $13,870 $13,780 $16,392
The following additional information was available:
Direct materials costing $65,498 were purchased.
Direct labor cost was $30,300.
Overhead applied was $40,609.
Selling and administrative costs were $34,684.
Sales were $417,729
What was Cost of goods sold for the year?
|
What is the present value of your interest
: A family trust will convey property to you in 15 years. If the property is expected to be worth $50,000 when you receive it, what is the present value of your interest, discounted at 10 percent annually?
|
|
Why is it important to an upwardly mobile manager
: Why is it important to an upwardly mobile manager
|
|
What is the real risk-free rate of return
: Suppose 1-year T-bills currently yield 7.00% and the future inflation rate is expected to be constant at 4.80% per year. What is the real risk-free rate of return, r*? Disregard any cross-product terms, i.e., if averaging is required, use the arithme..
|
|
Analyze the safeguards, security and enforcement measures
: Objectives for this activity: Outline the major security threats to information resources and Analyze the safeguards, security, and enforcement measures that may be used to protect information resources
|
|
What was cost of goods sold for the year
: X Company, a manufacturer, reported the following inventory balance for 2012: What was Cost of goods sold for the year?
|
|
The aqua liquid assets money market mutual fund
: The Aqua Liquid Assets Money Market Mutual Fund has a NAV of $1 per share. During the year, the assets held by this fund appreciated by 1.1 percent. If you had invested $15,000 in this fund at the start of the year, how many shares would you own at t..
|
|
What is net investment income tax liability
: Allen Green is a single taxpayer with an AGI (and modified AGI) of $210,000, which includes $170,000 of salary, $25,000 of interest income, $10,000 of dividends, and $5,000 of long-term capital gains. What is Allen's Net Investment Income tax liabili..
|
|
What amount of interest should be capitalized as of october
: Interest earned on the unexpended portion of the loan amounted to $800,000 for the year. What amount of interest should be capitalized as of October 31, 2014?
|
|
Regulated investment company by internal revenue service
: An investment company will be treated as a "regulated Investment Company" by the Internal Revenue Service provided that it: I. invests almost all of its assets in bonds, stocks, and other securities. II. Invests solely in U.S. securities. III. Does n..
|