5) Buffett Company has the following information: Direct Labor Costs WIP, Ending FG, Beginning Office building depreciation DM, Ending Insurance (office) Freight-Out Utilities (plant) $420,000 $52,000 $165,000 $90,000 $35,000 $50,000 $65,000 $42,000 What is Buffett's Cost of Goods Sold? DM, Beginning Equipment depreciation Freight-In WIP, Beginning FG, Ending Indirect Labor Costs DM Purchases Insurance (plant) $32,000 $250,000 $12,000 $58,000 $145,000 $40,000 $450,000 $63,000

5) Buffett Company has the following information: Direct Labor Costs WIP, Ending FG, Beginning Office building depreciation DM, Ending Insurance (office) Freight-Out Utilities (plant) $420,000 $52,000 $165,000 $90,000 $35,000 $50,000 $65,000 $42,000 What is Buffett's Cost of Goods Sold? DM, Beginning Equipment depreciation Freight-In WIP, Beginning FG, Ending Indirect Labor Costs DM Purchases Insurance (plant) $32,000 $250,000 $12,000 $58,000 $145,000 $40,000 $450,000 $63,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....

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