Sweet Cheezus reported the following year-end information: Beginning Work in Process Inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Work in Process Inventory Ending Finished Goods Inventory How much is the company's Cost of Goods Sold for the year? $690,000 $680,000 $710,000 O $700,000 $74,000 $690,000 $44,000 $64,000 $34,000

Sweet Cheezus reported the following year-end information: Beginning Work in Process Inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Work in Process Inventory Ending Finished Goods Inventory How much is the company's Cost of Goods Sold for the year? $690,000 $680,000 $710,000 O $700,000 $74,000 $690,000 $44,000 $64,000 $34,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ryder Manufacturing reported the following year end information: beginning work in process inventory $90,000; cost of goods manufactured $258,000; beginning finished goods inventory, $126,000; ending work in process inventory. $110,000; and ending finished goods inventory. $132,000. Ryders cost of goods sold for the year is: a. S252,000 b. $264,000 $238,000 d. S126,000
48.
22. Peter Company provided the following data for the year ended December 31, 2020: Raw materials purchases Total manufacturing costs Decrease in raw materials inventory Decrease in work in process inventory Increased in finished finished goods inventory45,000 Gross margin ratio Factory overhead is applied at 60% of direct labor. How much is the factory overhead cost incurred? P 80,000 220,000 4,000 20,000 40%
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Question 38?
X Company reported the following year-end information: Beginning Raw Materials Inventory $60,000 Ending Raw Materials Inventory 90,000 Beginning Work in Process Inventory 113,000 Ending Work in Process Inventory 180,000 Raw Materials purchased 200,000 Direct Labor 210,000 Manufacturing Overhead 490,000 Selling and Administrative Expenses 157,000 Refer to the above, what was the cost of raw materials used? * $260,000 $170,000 $140,000 None of the above
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