Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. abc company manufactured 100,000 units in 20 - san

ABC Company manufactured 100,000 units in 20 - Sandpaper: $32,000 - Leasing costs-plant: $384,000 -...

50.1K

Verified Solution

Question

Accounting

image
ABC Company manufactured 100,000 units in 20 - Sandpaper: $32,000 - Leasing costs-plant: $384,000 - Materials handling: $320,000 - Depreciation-equipment: $224,000 - Coolants \& lubricants: $22,400 - Property taxes-equipment: $32,000 - Indirect manufacturing labor: $275,200 - Fire insurance-equipment: $16,000 - Direct manufacturing labor: $2,176,000 - Direct material purchases: $3,140,000 - Direct materials, 1/1/22: $348,000 - Direct materials, 12/31/22: $280,000 - Finished goods, 1/1/22: $672,000 - Finished goods, 12/31/22: $1,280,000 - Sales revenue: $12,800,000 - Sales commissions: $640,000 - Work-in-process, 1/1/22: $96,000 - Work-in-process, 12/31/22: $64,000 - Sales salaries: $576,000 - Advertising costs: $480,000 - Administration costs: $800,000 What is cost of goods sold for 2022? $6,689,600 $5,921,600 $6,529,600 $3,208,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

URGENT a) samples of rejuvenated mitochondria are mutated (defective) with probability 0.2.find the probability you need to...

Basic Math
Q

Why is charcoal sometimes used in recrystallizations? How does it function? Why should you avoid using...

Chemistry
Q

Prove that Maxwell’s equations yield the wave equation for the electric field [HINT: ∇ × (∇×...

Physics
Q

We wish to model a population of two fish species by a system of differential eqns....

Advance Math
Q

For each sequence given below, find a closed formula for an, the nth term of the sequence (assume...

Advance Math
Q

A company makes storage containers with sheet steel walls The containers are shaped like rectangular...

Basic Math
Q

2 10 points Show that the following limit does not exist Hint Go to 1...

Algebra
Q

Add 4i 2 8i

Algebra
Q

Boca manufactures LX and RX stereo systems in Southern Ontario. Boca incurs various costs both...

Accounting
Q

The cumulative distribution function (CDF) for the exponential distribution is given...

Accounting
Q

Sandhill Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is...

Accounting
Q

what is a business equation

Accounting