80.2K

Verified Solution

Link Copied!

need help plz with accounting for these 6 questions plz its my last chegg question

Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Using the above information, determine the following missing amounts: Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31 : a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. b. For the month ended January 31, determine Bandera Manufacturing's gross profit. c. For the month ended January 31, determine Bandera Manufacturing's net income. Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $43,800 of materials. b. Used $33,700 of direct materials in production. c. Incurred $50,400 of direct labor wages. d. Incurred $71,000 of factory overhead. e. Transferred $117,800 of work in process to finished goods. . Sold goods for $210,700. 9. Sold goods with a cost of $93,700. h. Incurred $53,900 of selling expense. i. Incurred $23,700 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company. b. Determine the inventory balances at the end of the first month of operations. Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: a. Prepare a cost of goods manufactured statement for March. b. Determine the cost of goods sold for March. Cost of Direct Materials Used in Production for a Manufacturing Company Walker Manufacturing Company reported the following materials data for the month ending June 30: Determine the cost of direct materials used in production by Walker during the month ended June 30 . Cost of Goods Manufactured for a Manufacturing Company The following information is available for Fuller Manufacturing Company for the month ending October 31 : Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31

Answer & Explanation Solved by verified expert

See Answer