Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 11.00

W. Phillips Company

Problem 2-50  Cost of Goods Manufactured, Income Statement

W.    W. Phillips Company produced 4,000 leather recliners during the year. These recliners sell for $400 each. Phillips had 500 recliners in finished goods inventory at the beginning of the year. At the end of the year, there were 700 recliners in finished goods inventory. Phillips’ accounting records provide the following information:

 

 

Purchases of raw materials

$320,000

Salary, sales supervisor

$  90,000

Beginning materials inventory

46,800

Commissions, salespersons

180,000

Ending materials inventory

66,800

General administration

300,000

Direct labor

200,000

Beginning  work-in-process

 

Indirect labor

40,000

inventory

13,040

Rent, factory building

42,000

Ending work-in-process inventory

14,940

Depreciation, factory equipment

60,000

Beginning finished goods inventory

80,000

Utilities, factory

 

Required:

11,900

Ending finished goods inventory

114,100

1.       Prepare a statement of cost of goods manufactured.

2.       Compute the average cost of producing one unit of product in the year.

3.       Prepare an income statement for external users.

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 12:08 PM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)
Relevent Questions