Managerial Accounting 1B cH14

Question
Managerial Accounting 1B

Financial and Managerial Accounting

Don't use plagiarized sources. Get Your Custom Essay on
Managerial Accounting 1B cH14
Just from $13/Page
Order Essay

Chapter 14

1.

Exercise 14-8 Cost of goods sold computation L.O. P1

Century
Merchandising

New Homes
Manufacturing

Beginning inventory

Merchandise

$

250,000

Finished goods

$

500,000

Cost of purchases

460,000

Cost of goods manufactured

886,000

Ending inventory

Merchandise

150,000

Finished goods

144,000

Compute cost of goods sold for each of these two companies for the year ended December 31, 2011. (Omit the “$” sign in your response.)

Cost of goods sold

Century Merchandising

New Homes Manufacturing

Exercise 14-9 Cost of goods manufactured and cost of goods sold computation L.O. P1, P2

[The following information applies to the questions displayed below.]

Using the following data,

Canyon
Company

Rossings
Company

Beginning finished goods inventory

$

14,000

$

18,450

Beginning goods in process inventory

16,500

21,950

Beginning raw materials inventory

9,250

11,000

Rental cost on factory equipment

29,000

24,750

Direct labor

21,000

37,000

Ending finished goods inventory

19,650

15,300

Ending goods in process inventory

24,000

18,000

Ending raw materials inventory

7,300

9,200

Factory utilities

11,000

14,000

Factory supplies used

10,200

5,200

General and administrative expenses

23,000

45,000

Indirect labor

3,250

9,660

Repairs—Factory equipment

6,780

3,500

Raw materials purchases

35,000

54,000

Sales salaries

52,000

48,000

Section Break

Difficulty: Hard

Exercise 14-9 Cost of goods manufactured and cost of goods sold computation L.O. P1, P2

Learning Objective: 14-P2 Prepare a manufacturing statement and explain its purpose and links to financial statements.

2.

Exercise 14-9 Part 1

1.

Compute the cost of goods manufactured for both Canyon Company and Rossings Company.(Omit the “$” sign in your response.)

Canyon Company

Rossings Company

Cost of goods manufactured

rev: 03-04-11

3.Exercise 14-9 Part 2

2.

Compute cost of goods sold for both Canyon Company and Rossings Company.(Omit the “$” sign in your response.)

Canyon Company

Rossings Company

Cost of goods sold

4.

Exercise 14-11 Manufacturing statement preparation L.O. P2

Given the following selected account balances of Randa Company.

Prepare its manufacturing statement for the year ended on December 31, 2011. (Input all amounts as positive values. Omit the “$” sign in your response.)

5.

Exercise 14-12 Income statement preparation L.O. P2

Following are the selected account balances of Randa Company:

Prepare an income statement for Randa Company (a manufacturer). Assume that its cost of goods manufactured is $546,390. (Input all amounts as positive values. Omit the “$” sign in your response.)

Problem 14-8A Manufacturing and income statements; inventory analysis L.O. P2

[The following information applies to the questions displayed below.]

The following calendar year-end information is taken from the December 31, 2011, adjusted trial balance and other records of Plaza Company.

Section Break

Problem 14-8A Manufacturing and income statements; inventory analysis L.O. P2

6.Problem 14-8A Part-1

Required:

1.

Prepare the company’s 2011 manufacturing statement.(Input all amounts as positive values. Omit the “$” sign in your response.)

7.Problem 14-8A Part-2

2.

Prepare the company’s 2011 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses.(Input all amounts as positive values. Omit the “$” sign in your response.)

My Essay Gram
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

Live Chat+1(405) 367-3611Email