Rainier Company Yakima Company 2 Materials inventory, May 1 $280,000.00 $177,000.00 3 Materials inventory. May 31 (a) 175,000.00 Materials purchased 712,600.00 340,000.00 4 5 Cost of direct materials used in production 752.800.00 (a) 6 Direct labor 1,059.800.00 (b) 7 Factory overhead 326,600.00 179.400.00 1,038.000.00 8 Total manufacturing costs incurred in May 9 Total manufacturing costs 2.679,200.00 1,480,500.00 10 Work in process inventory, May1 540,000.00 442,500.00 11 Work in process inventory, May 31 451.400.00 (c) 12 Cost of goods manufactured (c) 1,026.500.00 475.200.00 200.000.00 13 Finished goods inventory, May 1 495,600.00 (d) 14 Finished goods inventory, May 31 4,142.000.00 1,679.000.00 15 Sales (d) 1,048,500.00 16 Cost of goods sold 17 Gross profit (e) 18 Operating expenses 545.000.00 f) 384.100.00 19 Net income

Rainier Company Yakima Company 2 Materials inventory, May 1 $280,000.00 $177,000.00 3 Materials inventory. May 31 (a) 175,000.00 Materials purchased 712,600.00 340,000.00 4 5 Cost of direct materials used in production 752.800.00 (a) 6 Direct labor 1,059.800.00 (b) 7 Factory overhead 326,600.00 179.400.00 1,038.000.00 8 Total manufacturing costs incurred in May 9 Total manufacturing costs 2.679,200.00 1,480,500.00 10 Work in process inventory, May1 540,000.00 442,500.00 11 Work in process inventory, May 31 451.400.00 (c) 12 Cost of goods manufactured (c) 1,026.500.00 475.200.00 200.000.00 13 Finished goods inventory, May 1 495,600.00 (d) 14 Finished goods inventory, May 31 4,142.000.00 1,679.000.00 15 Sales (d) 1,048,500.00 16 Cost of goods sold 17 Gross profit (e) 18 Operating expenses 545.000.00 f) 384.100.00 19 Net income

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 16E: Cost of goods sold, profit margin, and net income for a manufacturing company The following...

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Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Aricanly Manufacturing Company for the month ending January 31: Cost of goods manufactured $198,240 Selling expenses 66,220 Administrative expenses 35,010 Sales 421,790 099 43,440 Finished goods inventory, January 1 Finished goods inventory, January 31 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 1 Cost of goods manufactured Cost of finished goods available for sale Less finished goods inventory, January 31 PIOS spoob jo 150) Feedback Show all 12:43 AM a (中岁。 11/3/2021 直0 su prt sc delete 114 1AA backspace 00 pause home ctri
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Lakeshore Manufacturing provided the following information for the month ended March 31: Sales Revenue $31,000 Beginning Finished Goods Inventory 7,000 Ending Finished Goods Inventory 8,500 Cost of Goods Manufactured 11,600 Compute gross profit. OA. $19,400 OB. $17,900 OC. $10,900 O D. $20,900 ***