The total product cost. Given information: Company M is a manufacturing company that started its production on 1 st January and incurred the following cost: Purchase of raw materials and used for production purpose is $7,800. Wages for production workers is $6,000. Incurred depreciation on manufacturing equipment is $2,500.

Question

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Answer 1

Question

Chapter 1, Problem 9ESB

a.

To determine

The total product cost.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Purchase of raw materials and used for production purpose is $7,800.

Wages for production workers is $6,000.

Incurred depreciation on manufacturing equipment is $2,500.

b.

To determine

The total cost of the closing inventory.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Total number of products is 5,000 units.

Company M sold 4,600 units.

c.

To determine

The total cost of goods sold.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Company M sold 4,600 units.

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Answer 2

Question

Chapter 1, Problem 9ESB

a.

To determine

The total product cost.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Purchase of raw materials and used for production purpose is $7,800.

Wages for production workers is $6,000.

Incurred depreciation on manufacturing equipment is $2,500.

b.

To determine

The total cost of the closing inventory.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Total number of products is 5,000 units.

Company M sold 4,600 units.

c.

To determine

The total cost of goods sold.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Company M sold 4,600 units.

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Answer 3

Question

Chapter 1, Problem 9ESB

a.

To determine

The total product cost.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Purchase of raw materials and used for production purpose is $7,800.

Wages for production workers is $6,000.

Incurred depreciation on manufacturing equipment is $2,500.

b.

To determine

The total cost of the closing inventory.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Total number of products is 5,000 units.

Company M sold 4,600 units.

c.

To determine

The total cost of goods sold.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Company M sold 4,600 units.

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Answer 4

Question

Chapter 1, Problem 9ESB

a.

To determine

The total product cost.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Purchase of raw materials and used for production purpose is $7,800.

Wages for production workers is $6,000.

Incurred depreciation on manufacturing equipment is $2,500.

b.

To determine

The total cost of the closing inventory.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Total number of products is 5,000 units.

Company M sold 4,600 units.

c.

To determine

The total cost of goods sold.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Company M sold 4,600 units.

Expert Solution & Answer

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Answer 5

Chapter 1, Problem 9ESB

a.

To determine

The total product cost.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Purchase of raw materials and used for production purpose is $7,800.

Wages for production workers is $6,000.

Incurred depreciation on manufacturing equipment is $2,500.

b.

To determine

The total cost of the closing inventory.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Total number of products is 5,000 units.

Company M sold 4,600 units.

c.

To determine

The total cost of goods sold.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Company M sold 4,600 units.

Answer 6

Chapter 1, Problem 9ESB

a.

To determine

The total product cost.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Purchase of raw materials and used for production purpose is $7,800.

Wages for production workers is $6,000.

Incurred depreciation on manufacturing equipment is $2,500.

Answer 7

Chapter 1, Problem 9ESB

a.

To determine

The total product cost.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Purchase of raw materials and used for production purpose is $7,800.

Wages for production workers is $6,000.

Incurred depreciation on manufacturing equipment is $2,500.

Answer 8

b.

To determine

The total cost of the closing inventory.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Total number of products is 5,000 units.

Company M sold 4,600 units.

Answer 9

b.

To determine

The total cost of the closing inventory.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Total number of products is 5,000 units.

Company M sold 4,600 units.

Answer 10

c.

To determine

The total cost of goods sold.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Company M sold 4,600 units.

Answer 11

c.

To determine

The total cost of goods sold.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Company M sold 4,600 units.

Answer 12

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Answer 13

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Answer 14

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Answer 15

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The total cost of the closing inventory.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Total number of products is 5,000 units.

Company M sold 4,600 units.

The total cost of goods sold.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Company M sold 4,600 units.

Want to see the full answer?

Chapter 1 Solutions

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The total cost of the closing inventory. Given information: Company M is a manufacturing company that started its production on 1st January and incurred the following cost: Total number of products is 5,000 units. Company M sold 4,600 units.

The total cost of goods sold. Given information: Company M is a manufacturing company that started its production on 1st January and incurred the following cost: Company M sold 4,600 units.

Want to see the full answer?

Chapter 1 Solutions

The total cost of the closing inventory.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Total number of products is 5,000 units.

Company M sold 4,600 units.

The total cost of goods sold.

Given information:

Company M is a manufacturing company that started its production on 1^st January and incurred the following cost:

Company M sold 4,600 units.