Using the information below, calculate the net income for the period: Beginning Raw Materials Inventory Ending Raw Materials Inventory $25,000 30,000 Beginning Work in Process Inventory 55,000 Ending Work in Process Inventory 64,000 Beginning Finished Goods Inventory 80,000 Ending Finished Goods Inventory 67,000 Cost of Goods Sold for the period 540,000 1,254,000 Sales revenues for the period Operating expenses for the period a. $714,000 232,000 b. $482,000 c. $1,022,000 d. $187,000 e. $727,000

Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production; and 57,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 35% complete with respect to conversion.

From the following data, determine the Cost of Goods Manufactured for 2020: Accounts Amounts Sales $ 870,000 Direct Materials used 170,000 Direct Labor costs 90,000 Total Overhead costs Work-in-Process inventory, 12-31-2019 Finished Goods inventory, 12-31-2019 Work-in-Process inventory, 12-31-2020 Finished Goods inventory, 12-31-2020 60,000 $ 35,000 $ 40,000 30,000 25,000 Rent, utilities for corporate headquarters building 70,000 A) $315,000 B) $325,000 C) $330,000 D) $340,000

Work in process inventory on December 31 of the current year is $44,000. Work in process inventory increased by 60% during the year. Cost of goods manufactured amounts to $275,000. What are the total manufacturing costs incurred in the current year? a.$233,750 b.$291,500 c.$275,750 d.$302,000   Period costs include a.operating costs that are shown on the income statement when products are sold b.operating costs that are shown on the income statement in the period in which they are incurred c.current liabilities on the balance sheet d.current assets on the balance sheet   On the statement of cash flows prepared by the indirect method, the cash flows from operating activities section would include     A.amortization of premium on bonds payable. B.receipts from the sale of investments. C.receipts from the issuance of common stock. D.payments for cash dividends.

8) Data for a manufacturing company for the year are as follows: Д Finished goods inventory, beginning balance $240,000 Work-in-process inventory, ending balance 100,000 Overapplied manufacturing overhead 50,000 Finished goods inventory, ending balance 260,000 Work-in-process inventory, beginning 130,000 balance Cost of goods manufactured 680,000 What is the company's computed adjusted cost of goods sold? O $610,000 O $640,000 O $710,000 • $740,000

The cost of goods sold for the year ended December 31, 2021 would be a. 1,500,000 b. 1,650,000 c. 1,610,000 d. 1,480,000

An excerpt from the last year’s final annual report ofKalamia manufacturing company reported the informationprovided in the table.Compute (a) inventory turnover and (b) weeks of supply,assuming an annual operation of 50 weeks and the cost of goodssold was €5,000,000.   CATEGORY PART NO. AVERAGEINVENTORY UNIT VALUEUNITS € Raw materials RSI - 1 200 3RSI - 2 50 2RSI - 3 300 1RSI - 4 100 3, 5 Work-in-process CSI - 1 50 10CSI - 2 250 15 Finished goods FJ - 1 890 70FJ - 2 2000 77FJ - 3 870 90

Using the information below, compute the raw materials inventory turnover:          Raw materials used $ 161,600   Beginning raw materials inventory   20,000   Ending raw materials inventory   22,200

Financial accounting

Ramo Manufacturing reported the following:$850.000RevenueBeginning inventory of direct inaterials, January 1,20,0002015256,000Purchases of direct materialsEnding inventory of direct materials, December 31,18,000201521.000Direct manufacturing labor42,000indirect manufacturing costs2015Beginning inventory of finished goods, January 1,40,000314,000Costs fo goods manufactured2015Ending inventory of finished goods, December 31,45,000150,000Operating costsa) What is Romo's Direct Materials Used? $b) What is Romo's Manufacturing Costs Incurred? $c) What is Romo's Cost of Goods Sold? $You must show work for credit.