GIGRIC314 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials $211,000 $257,000 $ 20,000 $153,000 Manufacturing overhead applied to work in process $365, 000 Direct labor Administrative expenses Actual manufacturing overhead cost $342,000 GIGRIC314's inventory balances at the beginning and end of the year were as follows: (ID#18929) Beginning End of of Year $ 60,000 $ 25,000 $ ? Year $ 38,000 $ 33,000 $ 44,000 Raw materials Work in process Finished goods For the year, the cost of goods available for sale was $718,000 and the net operating income as reported in its income statement income was $44,000. The GIGRIC314 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. Q) How much was the GIIGRIC314 company's sales revenue for the year?

The following information has been taken from the perpetual inventory system of Imperial Manufacturing Company for the month ended September 30: Purchases of direct materials $ 91,000 Direct materials used $ 71,600 Direct labor costs assigned to production $ 28,000 Manufacturing overhead costs incurred $ 49,500 Balances in inventory September 30 September 1 Materials $ ? $ 67,000 Work in Process $ 41,000 $ 54,500 Finished Goods $ 68,000 $ 73,000 The cost of finished goods manufactured in September is:

Pedro Company reported the following inventory balances as of October 31, 2020:Raw Materials P 80,000Work in Process 110,000Finished Goods 190,000The following transactions occurred during the month of November 2020:1. Purchased P25,000 of raw materials on account.2. Issued P18,000 of raw materials to production of which P15,000 were direct to the product.3. Factory payroll of P34,000 was accrued and distributed as follows: P30,000 for direct labor andP4,000 for supervisors (ignore payroll taxes and deductions).4. Factory utility costs of P8,000 were accrued.5. Prepaid insurance of P1,000 on factory equipment expired in November.6. Straight-line depreciation on factory equipment for the month was P10,0007. Selling and administrative expenses were P40,000 (P30,000 was paid in cash and P10,000 wasaccrued.8. Factory Overhead was transferred to work in process inventory.9. Goods manufactured were transferred to to finished goods inventory. Ending inventorieswere: work in process, P60,000…

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The following balances (in thousands of dollars) are from the accounts of Birwood Furniture: January 1 December 31 (Beginning) (Ending) ($000) $ 892 ($000) $ 964 1,510 444 Direct materials inventory Work-in-process inventory Finished goods inventory Direct materials used during the year amount to $2,896,000 and the cost of goods sold for the year was $3,078,000. Required: Prepare a cost of goods sold statement. Note: Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234). Manufacturing costs: Direct materials: Materials available Direct materials used Total manufacturing costs Total costs of work-in-process 1,334 319 Cost of goods manufactured BIRWOOD FURNITURE Cost of Goods Sold Statement For the Year Ended December 31 ($000)

In presenting inventory on the balance sheet December 31, 2021, the unit cost under absorption costing is

The following balances (in thousands of dollars) are from the accounts of Birwood Furniture: January 1 December 31 (Beginning) (Ending) ($000) $ 732 ($000) $804 1,174 1,350 159 284 Direct materials inventory Work-in-process inventory. Finished goods inventory Direct materials used during the year amount to $1,296,000 and the cost of goods sold for the year was $1,478,000. Required: Prepare a cost of goods sold statement. Note: Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234). Beginning work-in-process inventory Manufacturing costs: Direct materials: Beginning inventory Purchases Materials available Direct materials used Total manufacturing costs Total costs of work-in-process BIRWOOD FURNITURE Cost of Goods Sold Statement For the Year Ended December 31 ($000) Cost of goods manufactured $ 732

The following information has been taken from the perpetual inventory system of Elite Mfg Co. for the month ended August 31: Purchases of direct materials Direct materials used Direct labor costs assigned to production $60,000 $50,000 $25,000 Manufacturing overhead costs incurred (and applied) $35,000 發 Balances in inventory August 31 August 1 Materiais Work in Process Finished Goods $65,000547,000 $60.000 *Sue00 M The total amount of inventory to be included in Elite's August 31st balance sheet amounts to A. $135,000 B. $210,000 C. $160,000 D. Some other amount 1 1109

The following balances (in thousands of dollars) are from the accounts of Birwood Furniture:   January 1 (Beginning) ($000) December 31 (Ending) ($000) Direct materials inventory $ 752 $ 824 Work-in-process inventory 1,194 1,370 Finished goods inventory 179 304 Direct materials used during the year amount to $1,496,000 and the cost of goods sold for the year was $1,678,000. Required: Prepare a cost of goods sold statement. Note: Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).

Wiremold tracks the direct materials in inventory. At the end of their most recent month, the direct material cost of their inventory (raw materials, work-in-process and finished goods) was $603,210. During the most recent month, their value streams had material costs of $920,000 and conversion costs of $552,000 in twenty working days. At the end of the month, Wiremold had raw material on hand equal to seven days worth of production, work-in-process equal to two days worth of production, and finished goods equal to eight days worth of production. The value for ending inventory using the material cost plus days of conversion cost method is …?