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Issued 2,300 shares of common stock for $20 cash per share.
9. Declared and paid cash dividends of $48,200.
1. Prepare a complete statement of cash ﬂows; report its operating
4.2 Prepare a balance sheet as of December 31, 2015.
Work in process inventory 42,100 _
Finished goods inventory 12,000 66,300
Total assets _ 177.300
Accounts payable _ 11,000
Notes payable _ 14,000
Total liabilities _ 25,000
Total stockholders' e
Problem 15-2A Part 2
2.1 Determine the revised balance of the Factory Overhead account after making the entries in part 1 using
T-accounts. Determine whether there is any under- or overapplied overhead for the year.
Ending balance fr
Problem 15-2A Part1
a. Direct materials costs to Work in Process Inventory.
b. Direct labor costs to Work in Process Inventory.
c. Overhead costs to Work in Process Inventory.
d. Indirect materials costs to the Factory Overhead account
Problem 14-1A Part1
1. Classify each cost and its amount as (a) either variable or ﬁxed and (b) either product or period. (The
ﬁrst cost is completed as an example.)
1. Plastic for casing
Wages of assembly workers 88,000 88,00
Problem 14-4A Ending inventory computation and evaluation LO C4
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2014, the company
had (a) 300 pairs of boots in ﬁnished goods inventory and (b) 1,100 heels at a cost of $16
2. Calculate the manufacturing cost per drum set.
Variable production costs
Plastic for casing
Wages of assembly workers
Total variable production costs
Fixed production costs
Property taxes on factory
Annual fee for maintenance service
Problem 14-1A Cost computation, classiﬁcation, and analysis LO C2, C3
[The following information applies to the questions displayed below]
Listed here are the total costs associated with the 2015 production of 1,000 drum sets manufactured by
Problem 15-2A Source documents, journal entries, overhead, and ﬁnancial reports LO P1, P2, P3
[T he following information applies to the questions displayed below. ]
Bergamo Bay’s computer system generated the following trial balance on December 31, 20