Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. aezeil353 company provided the following data for

AEZEIL353 company provided the following data for the end of the year (all raw materials...

90.2K

Verified Solution

Question

Accounting

image
image
AEZEIL353 company provided the following data for the end of the year (all raw materials are used in production as direct materials: Selling expenses $ 205,000 Purchases of raw materials $245,000 Direct labor $ 20,000 Administrative expenses $147,000 Manufacturing overhead applied to work in process $ 359,000 Actual manufacturing over head cost $330,000 (ID30533) AEZEIL353's inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning End of of Year Year $ 60,000 $ 38,000 $ 25,000 $ 33,000 $ ? $ 44,000 For the year, the cost of goods available for sale was $706,000 and the net operating Income as reported in its income statement income was $50,000. The AEZEIL353 company's underapplied or overapplied overhead was closed to cost of Goods Sold. Q. How much was the AEZEIL353 company's sales revenue for the year? Multiple Choice $1035.000 Q. How much was the AEZEIL353 company's sales revenue for the year? Multiple Choice $1,035.000 $1,027.000 $1023,000 $1031,000

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

Elk, Fire and Aspen – Quaking aspen (Populus tremuloides) is one of the most widespread tree...

Advance Math
Q

The variance in a production process is an important measure of the quality of the process....

Basic Math
Q

An economist is studying the job market in denver area neighborhoods. Let x represent the total...

Basic Math
Q

The four arms of a Wheatstone bridge have resistances as shown in the figure A...

Physics
Q

Put some air in your tires: Let X represent the number of tires with low...

Statistics
Q

According to one website approximately 78 of Americans celebrate Easter Suppose you ask 90 of...

Statistics
Q

3 2m m 0 2 to be connected with drivers who charge the passengers a...

Algebra
Q

Baruch Enterprises Limited is a Book-seller dealing in books and stationery...

Accounting
Q

What is the gross profit Current Attempt in Progress The management of...

Accounting
Q

Assume a project has the following expected cash flows:YearExpectedNet Cash Flow0($400,000)1100,0002150,0003200,0004250,000 What is the...

Accounting
Q

With regard to DOE's annuity, DOE receives $500 per month. DOE's mother purchased the 10...

Accounting
Q

This assignment is based on material regarding segregated funds. It was the summer of 2011,...

Finance