Ch1 Problems - Less: selling ex $(80,000) NIBT $40,000...

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Cost of Goods Mfgd Direct Materials Begin Inv $7,000 Add: Purchs $118,000 $125,000 Less: End Inv $(15,000) DM Used $110,000 DL Used $70,000 Mfg OH $80,000 Total MFG Costs Incurred $260,000 Add: WIP Begin $10,000 $270,000 Less: WIP End $(5,000) COST OF GOODS MFGD $265,000 Add: FGI Begin $20,000 $285,000 Less: FGI End $(35,000) COST OF GOODS SOLD $250,000
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Cost of Goods Mfgd Direct Materials Begin Inv $9,000 Add: Purchs $125,000 Qty $134,000 Less: End Inv $(6,000) Cost/unit VC DM Used $128,000 $12.80 $128,000 DL Used $70,000 $7.00 $70,000 Mfg OH $105,000 $1.50 $15,000 Total MFG Costs Incurred $303,000 $21.30 $213,000 Add: WIP Begin $17,000 $320,000 Less: WIP End $(30,000) COST OF GOODS MFGD $290,000 Qty Add: FGI Begin $20,000 $310,000 Cost/unit VC Less: FGI End $(40,000) $12.80 $192,000 COST OF GOODS SOLD $270,000 $7.00 $105,000 INCOME STATEMENT $1.50 $22,500 Sales $500,000 $21.30 $319,500 Less: CGS $(270,000) Gross Margin $230,000 Less: adm exps $(110,000)
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Unformatted text preview: Less: selling ex $(80,000) NIBT $40,000 10,000 FC Cost/unit $90,000 $90,000 $9.00 TC/unit $30.30 15,000 FC Cost/unit $90,000 $90,000 $6.00 TC/unit $27.30 Capacity 2000 ITEM VC FC SG&A Direct Labor $118,000 Advertising $50,000 $50,000 Factory Supervision $40,000 Prop Tax - Fact Bldg $3,500 Sales Commission $80,000 $80,000 Insurance - Fact $2,500 Deprec - Admin Office $4,000 $4,000 Lease - Fact Eq $12,000 Ind Matls - Fact $6,000 Deprec Fact Bldg $10,000 Admin Office Supplies $3,000 $3,000 Admin Office Sal $60,000 $60,000 Direct Material $94,000 Utilities - Fact $20,000 TOTAL $321,000 $182,000 $197,000 Product Costs 1000 Direct Indirect Cost/Unit Cost/Unit $118,000 $59.00 $59.00 $40,000 $20.00 $40.00 $3,500 $1.75 $3.50 $2,500 $1.25 $2.50 $12,000 $6.00 $12.00 $6,000 $3.00 $3.00 $10,000 $5.00 $10.00 $94,000 $47.00 $47.00 $20,000 $10.00 $10.00 $212,000 $94,000 $153.00 $187.00...
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Ch1 Problems - Less: selling ex $(80,000) NIBT $40,000...

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