As of June 1, beginning WIP is 3,000 and finished goods are 5,000. The company s

Question

As of June 1, beginning WIP is 3,000 and finished goods are 5,000. The company sold units costing 20,000 for 35,000 cash. If ending WIP 18,000 and ending finished goods is 15,000, how much were the cost of goods manufactured and the current manufacturing costs? If ending WIP is 7000, COGMfd is 8,000, and beginning WIP is 12,000, how much are the current manufacturing costs? Variable cost per unit is budgeted to be 4.00 and fixed cost per unit is budgeted to be 3.00 in a period when 4000 units are produced. If production is actually 6,500 units, what is the expected total cost of the units produced. For the year ended December 31, 2007 the Ruby Company had a cost of goods sold of 975,000 and cost of good manufactured of 9000,000. If the December 31,2007 Finished good balance was 1,5000, what was the January 1,2007 balance in the Finished Good Inventory account?

Explanation / Answer

https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=6&cad=rja&ved=0CFwQFjAF&url=http%3A%2F%2Fcengagesites.com%2Facademic%2Fassets%2Fsites%2F4004%2Facct_managerial_enrichment_module_complete%2520(2).pdf&ei=nsb_UJqeNNHjrAejj4DYDg&usg=AFQjCNHJB79NPpuC1QI9wt9_YsQ3v4KU4w&sig2=Av9BIC8k4wT6Z-LVm7qO4Q&bvm=bv.41248874,d.bmk

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.