adyenamaie02
05.03.2020 •
Business
During its first year of operations, Silverman Company paid $19,000 for direct materials and $10,500 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,500 while general, selling, and administrative expenses totaled $5,000. The company produced 6,500 units and sold 4,000 units at a price of $8.50 a unit.What is the amount of finished goods inventory on the balance sheet at year-end?
Solved
Show answers
More tips
- A Auto and Moto Mastering One-Movement Parking: All You Need to Know...
- P Photography and Videography Understanding HDR: How It Works and Why You Need It...
- P Photography and Videography How to Choose the Perfect Photo Paper for Your Images?...
- C Computers and Internet How to Choose an Uninterruptible Power Supply (UPS) for Your Computer: Expert Tips...
- S Science and Technology How to choose a home theater system?...
- A Auto and Moto How to Choose a Car Wash? Tips and Recommendations...
- A Animals and plants How ants survive winter: exploring the secrets of their winter life...
- C Construction and repair How to Choose the Best Underfloor Heating?...
- S Sport When is the Champions League final?...
- S Sport When and Where Will the 2014 World Cup be Held?...
Answers on questions: Business
- M Mathematics Alex bought a skateboard online. The price of the skateboard was $105. The state sales tax of 7% was added, and then a $25 charge for shipping was added after the sales tax....
- H Health ASAP PLSS help me answer 4 and 5 plss...
- B Biology On which organ or tissue does leptin primarily act...
Ответ:
$15000
Explanation:
DM + DL + Overhead = Total manufacturing cost
where, DM = Direct Material and DL = Direct Labor
(19000 + 10500 + 9500)/ 6500 = 6
The cost of goods manufactured can be calculated by adding direct labor costs @ $10500, direct material costs @ $19000 and overhead costs @ $9500 and dividing it by 6500, we get $6.
Now, 4000 units has been sold so 2500 units are in ending inventory. The total amount in ending inventor is "
2500*6 = 15000
Ответ:
The inventory value in the balance sheet is $ 15,000
Explanation:
Computation of per unit cost of production
Direct materials $ 19,000
Direct Labor $ 10,500
Production facilities related cost $ 9,500
Total cost of production $ 39,000
Units produced 6,500 units
Pr]oduction cost per unit $ 6 per unit
Units sold 4,000 units
Units in hand ( 6,500 produced - 4,000 sold) 2,500 units
Inventory value 2,500 units on hand * $ 6 per unit $ 15,000
Ответ:
yes
Explanation: