Maurice Tutor

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About Maurice Tutor

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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: 402 Weeks Ago, 2 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 24 Sep 2017 My Price 6.00

Moxie Manufacturing Company

The following data were taken from the records of Moxie Manufacturing Company for the year ended December 31, 2012.

 

 

 

 

 

Raw Materials

 

 

 

Factory Insurance

 

 

$7,400

 

 

Inventory 1/1/12

 

 

$47,000

 

 

Factory Machinery

 

 

 

Raw Materials

 

 

 

Depreciation

 

 

7,700

 

 

Inventory 12/31/12

 

 

44200

 

 

Factory Utilities

 

 

12,900

 

 

Finished Goods

 

 

 

Office Utilities Expense

 

 

8,600

 

 

Inventory 1/1/12

 

 

85000

 

 

Sales

 

 

465,000

 

 

Finished Goods

 

 

 

Sales Discounts

 

 

2,500

 

 

Inventory 12/31/12

 

 

57800

 

 

Plant Manager"s Salary

 

 

60,000

 

 

Work in Process

 

 

 

Factory Property Taxes

 

 

6,100

 

 

Inventory 1/1/12

 

 

9500

 

 

Factory Repairs

 

 

800

 

 

Work in Process

 

 

 

Raw Materials Purchases

 

 

62,500

 

 

Inventory 12/31/12

 

 

8000

 

 

Cash

 

 

18,000

 

 

Direct Labor

 

 

145100

 

 

   

Indirect Labor

 

 

18100

 

 

   

Accounts Receivable

 

 

27000

 

 

   

Instructions

 

 

(a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)

 

 

(b) Prepare an income statement through gross profit.

 

 

(c) Prepare the current assets section of the balance sheet at December 31.

Answers

(5)
Status NEW Posted 24 Sep 2017 07:09 PM My Price 6.00

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