Accounting E20-7, E20-10, E23-2 - $8,500 (#14+3,600) (b)...

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E20-7 1 Raw Materials Inventory  46,300  Accounts Payable  46,300  2 Work in Process Inventory  29,200  Manufacturing Overhead  6,800  Raw Materials Inventory  36,000  3 Factory Labor  53,900  Factory Wages Payable  49,000  Employer Payroll Taxes Payable  4,900  4 Work in Process Inventory  48,000  Manufacturing Overhead  5,900  Factory Labor  53,900  5 Manufacturing Overhead  80,500  Accounts Payable  80,500  6 Work in Process Inventory  72,000  Manufacturing Overhead  72,000  7 Finished Goods Inventory  88,000  Work in Process Inventory  88,000  8 Accounts Receivable  103,000  Sales  103,000  Cost of Goods Sold  75,000  Finished Goods Inventory  75,000 
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48,000*150% From #4
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E20-10 (a) Work in Process Inventory 30-Apr $9,300  (#10+#11) 31-May $17,600  (#11+#13+#14) 30-Jun
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Unformatted text preview: $8,500 (#14+3,600) (b) Finished Goods Inventory 30-Apr $1,200 (#12) 31-May $9,600 (#10) 30-Jun $20,200 (#11+#13) (c) Gross Profit Month Sales May 12 $ 1,500 $ 1,200 $300 June 10 12,000 9,600 2,400 July 13-Nov 25,250 20,200 5,050 Job Number Cost of Goods Sold Gross Profit Jordan Evans E23-2* ZELLER ELECTRONICS INC. Sales Budget For the Six Months Ending June 30, 2010 Quarter 1 Quarter 2 Selling Total Selling Total Product Units Price Sales Units Price Sales XQ-103 20,000 $12 $240,000 25,000 $12 $300,000 XQ-104 12,000 25 300,000 15,000 25 375,000 Totals 32,000 $540,000 40,000 $675,000 Six Months Selling Total Units Price Sales 45,000 $12 $540,000 27,000 25 675,000 72,000 $1,215,000...
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This note was uploaded on 03/28/2011 for the course ACCOUNTING 101 taught by Professor Bob during the Spring '10 term at Rowan-Cabarrus Community College.

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Accounting E20-7, E20-10, E23-2 - $8,500 (#14+3,600) (b)...

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