AC 330 Unit 1 Assignment Textbook Exercises NEW

1
Kaplan AC 330 Unit 1 Assignment Textbook
Exercises NEW
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Assignment Textbook Exercises NEW
E1-1B From the information, determine the
total amount of (a) Manufacturing overhead.
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(b) Product costs. (c) Period costs. E1-2B Instruc
tions Determine the total amount of (a) delivery
service (product) costs and (b) period costs. a)
Delivery service (product) costs www.assib)
Perlod cost E1-3B Instructions Work in process
inventory was 17,500 at 1/1 and 14,000 at 12/31.
Finished goods inventory was 60,500 at 1/1 and
42,000 at 12/31. (a) Compute cost of goods
manufactured. (b) Compute cost of goods sold.
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E1-4B
Instructions Complete the cost of goods
manufactured schedule for Juan Manufacturing Compa
ny. E1-5B Instructions Complete the cost of goods
manufactured schedule for Juan Manufacturing wws.
esigcli9panytcii(r.(gom/ E1-6B Instructions
(a) Indicate the missing amount for
each letter. (b) Prepare a condensed cost of
goods manufactured schedule for situation (1) for
the Year ended December 31, 2014.
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E1-7B
Instructions (a) Prepare a cost of goods
manufactured schedule for June 2014. (b)
Prepare an income statement through gross profit
for June 2014 assuming net sales
E1-8B
Instructions
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(A) Prepare a schedule of cost of contract
services provided (similar to a cost of goods
Manufactured schedule) for the month.
(b) For those costs not included in (a), explain
how they would be classified and reported
In the financial statements.
E1-9B
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Instructions
(a) Compute cost of goods manufactured. (b)
Prepare an income statement through gross
profit. (c) Show the presentation of the ending
inventories on the December 31, 2014 balance (d)
How would the income statement and balance sheet
of a merchandising WWW.aSSigcompany Be different
from Laurel's financial statements? E1-10B Instruc
tions (a) Prepare the cost of goods manufactured
schedule for the month ended June 30, 2014. E1-11B
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(a) Determine the cost of the head lamps that
would appear in each of the following accounts at
September 30, 2014. Raw Materials, Work in
Process, Finished Goods, Cost of Goods Sold and
Selling Expenses.
Note purchase of 5,200 head lamps at a cost of
8 per lamp. The company withdrew 4,650 lamps
during the month. Now 100 of the lamps were used
to replace Wthe head lamps. The remaining 4,550
lamps were put in autos manufactures during the
month. 90 were completed and transferred and
then 75 were sold 09/30.