Book4 - 35,400 Insurance Exp 600 Other S & A...

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Matthew Caban 28-Jan-08 3-6. MOH 50,000 48,000 2,000 CoGM Direct Materials RM Inv Beginning 8,000 Purchases of RM 32,000 Total RM used 40,000 RM Inv Ending -7,000 RM used in production 33,000 DL 40,000 MOH applied : WIP 50,000 Total Mfg Costs 123,000 WIP Inv Beginning 6,000 WIP Inv Ending -7500 CoGM 121,500 3-20. Cash RM A/R 8,000 190,000 l. 7,000 40,000 b. 13,000 k. 197,000 a. 45,000 j. 200,000 FG Prepaid Insurance 20,000 120,000 j. 4,000 3,000 f. 230,000 i. 130,000 30,000 1000 A/P C/S R-E l. 100,000 30,000 150,000 45,000 a. 14,600 c. 18,000 g. 7,600 Depr. Exp. d. 7,000 e. 35,400 g. 18,000
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Insurance Exp. CoGS Sales f. 600 j. 120,000 4,000 124,000 Durham Co. Income Statement January 1. 2008 Sales 200,000 CoGS FG Inv Beginning 20,000 CoGM 130,000 Goods Available for sale 150,000 FG Inv Ending -30,000 Underapplied Overhead 4,000 124,000 Gross Margin 76,000 Depr., Sales equipment 7,000
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Unformatted text preview: 35,400 Insurance Exp 600 Other S & A Exps 18,000 61,000 Net Operating income 15,000 n WIP 197,000 k. 18,000 130,000 i. b. 32,000 e. 40,000 h. 60,000 E A/D 42,000 28,000 d. 70,000 MOH 78,000 b. 8,000 60,000 h. c. 14,600 d. 21,000 e. 18,000 f. 2,400 4,000 Underapplied S & W Payable l. 90,000 93,400 e. 200,000 j. 3400 3-25. POR: Prep Dep. MOH Cost/Machine-hrs 416000/80,000 5.2 POR: Fabrication Dep. MOH cost/ DM cost 720000/400000 1.8 Prep: 5.2 x 350 = 1820 Fabrication 1.8 x 1200 = 2160 3980 Department Prep Fabrication DL 710 980 DM 940 1200 MOH 1820 2160 Total Costs 3470 4340 7810 MOH Department Prep Fabrication EST. 416,000 720,000 Actual 390,000 740,000 26,000-20000 Over Under...
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This homework help was uploaded on 04/19/2008 for the course ACCT 151 taught by Professor Largay during the Spring '07 term at Lehigh University .

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Book4 - 35,400 Insurance Exp 600 Other S & A...

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