60.1K

Verified Solution

Link Copied!

1.

2.

Beck Manufacturing reports the following information in T-account form for 2019. 49,000 Raw Materials Inventory Begin. Inv. 12, 100 Purchases 55,000 Avail. for use 67,100 DM 'used End. Inv. 18,100 Work in Process Inventory Begin. Inv. 17,200 DM used 49,000 Direct labor 28,500 Overhead 62,000 Manuf. costs 156,700 Cost of goods manuf. End. Inv. 12,500 Finished Goods Inventory Begin. Inv. 19,300 Cost of goods manuf. 144,200 Avail. for sale 163,500 Cost of Goods Sold End. Inv. 20,700 144,200 142,800 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the year. BECK MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2019 Cost of goods sold 0 Goods available for sale $ 0 Cost of goods sold AA 01-2 Comparative Analysis LO C2 Both Apple and Google (Alphabet) invest in research and development. Access each company's 2017 income statement from Appendix A. Required: 1. Compute the ratio of research and development expense to net sales for Apple. 2. Compute the ratio of research and development expense to net sales for Google 3. Which company spend more (as a percentage of revenue) on research and development? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the ratio of research and development expense to net sales for Apple. (Round your percentage answer to 2 decimal place. % For Apple Required 2 > AA 01-2 Comparative Analysis LO C2 Both Apple and Google (Alphabet) invest in research and development. Access each company's 2017 income statement from Appendix A. Required: 1. Compute the ratio of research and development expense to net sales for Apple. 2. Compute the ratio of research and development expense to net sales for Google. 3. Which company spend more (as a percentage of revenue) on research and development? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the ratio of research and development expense to net sales for Google. (Round your percentage answer to 2 decimal place.) For Google % Beck Manufacturing reports the following information in T-account form for 2019. 49,000 Raw Materials Inventory Begin. Inv. 12, 100 Purchases 55,000 Avail. for use 67,100 DM 'used End. Inv. 18,100 Work in Process Inventory Begin. Inv. 17,200 DM used 49,000 Direct labor 28,500 Overhead 62,000 Manuf. costs 156,700 Cost of goods manuf. End. Inv. 12,500 Finished Goods Inventory Begin. Inv. 19,300 Cost of goods manuf. 144,200 Avail. for sale 163,500 Cost of Goods Sold End. Inv. 20,700 144,200 142,800 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the year. BECK MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2019 Cost of goods sold 0 Goods available for sale $ 0 Cost of goods sold AA 01-2 Comparative Analysis LO C2 Both Apple and Google (Alphabet) invest in research and development. Access each company's 2017 income statement from Appendix A. Required: 1. Compute the ratio of research and development expense to net sales for Apple. 2. Compute the ratio of research and development expense to net sales for Google 3. Which company spend more (as a percentage of revenue) on research and development? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the ratio of research and development expense to net sales for Apple. (Round your percentage answer to 2 decimal place. % For Apple Required 2 > AA 01-2 Comparative Analysis LO C2 Both Apple and Google (Alphabet) invest in research and development. Access each company's 2017 income statement from Appendix A. Required: 1. Compute the ratio of research and development expense to net sales for Apple. 2. Compute the ratio of research and development expense to net sales for Google. 3. Which company spend more (as a percentage of revenue) on research and development? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the ratio of research and development expense to net sales for Google. (Round your percentage answer to 2 decimal place.) For Google %

Answer & Explanation Solved by verified expert

See Answer