Stanky Company had the following journal entries related to production for the period Work-in-Process 11,500 Raw Materials 11,500 Manufacturing Overhead 7,500 Cash and Payables 7,500 Work-In-Process 8,500 Wages Payable 8,500 Work-In-Process 7,200 Manufacturing Overhead 7,200 Finished Goods 24,025 Work-In-Process 24,025 The beginning and ending balance in Finished Goods Inventory is $1,980 and $3,960 respectively. What amount would be reported for 'Adjusted' Cost of Goods Sold
Solved
Show answers
More tips
- G Goods and services How to Choose the Right High Chair for Your Baby?...
- S Style and Beauty Learn how to tie a keffiyeh on your head like a pro...
- S Style and Beauty How to braid friendship bracelets?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- C Computers and Internet How to Learn to Type Fast?...
- H Health and Medicine Angina: Causes, Symptoms, and Treatment...
- D Dating, Love, Relationships How to Overcome Jealousy: Tips and Tricks...
- H Health and Medicine 10 Ways to Cleanse Your Colon and Improve Your Health...
- W Work and Career How to Start Your Own Business: Tips and Recommendations...
- F Food and Cooking How to Make Delicious Cabbage Pies: The Best Recipes!...
Answers on questions: Business
- E English PLEASE HELP, SECOND PART OF A 2 PART THING, DO BOTH TO GET 150 POINTS This is about ben franklin btw Write the first draft of your report. As you write your paper, use...
- C Chemistry What are the pros and cons of fluoride...
- E English What was the effect of Patrick Henry s Speech to the Virginia Convention? A It sparked an immediate, nationwide rebellion of all the American colonies. B It provoked the...
Ответ:
Stanky Company
The amount that would be reported for 'Adjusted' Cost of Goods Sold is:
= $22,045
Explanation:
a) Data and Calculations:
Debit Work-in-Process 11,500
Credit Raw Materials 11,500
Debit Manufacturing Overhead 7,500
Credit Cash and Payables 7,500
Debit Work-In-Process 8,500
Credit Wages Payable 8,500
Debit Work-In-Process 7,200
Credit Manufacturing Overhead 7,200
Debit Finished Goods 24,025
Credit Work-In-Process 24,025
Work-in-Process
Raw Materials 11,500
Wages Payable 8,500
Manufacturing Overhead 7,200
Total $27,200
Finished goods (24,025)
Balance of WIP $3,175
Finished Goods Inventory:
Beginning $1,980
Work-In-Process 24,025
Ending (3,960)
Cost of good sold $22,045
Ответ:
mark this and return.
Explanation:
learn your own lesson and train more skills before you apply for the next job.