All categories

1 year ago

The following information is available for Elliot Company.

Business

1 answer:

jeka941 year ago

7 0

Answer:

The cost of goods manufactured is $557,300

Explanation:

In order to calculate the cost of goods manufactured we would have to make the following calculation:

cost of goods manufactured=Work in process inventory 1/1+Total manufacturing costs-Work in process 12/31

Work in process inventory 1/1)= $13,500

Total manufacturing costs=Direct materials used+Direct labor+Manufacturing overhead

Total manufacturing costs=166000+220000+180000=$566,000

Work in process 12/31=$22,200

Cost of goods manufactured=$13,500 +$566,000 -$22,200

Cost of goods manufactured= $557,300

The cost of goods manufactured is $557,300

You might be interested in

The two broad categories of buying behavior are ____ and ____. a. psychological; social b. government; industrial c. consumer; p

Ede4ka [16]

A) psychological : social

5 0

1 year ago

Ms. lee is enrolled in an ma-pd plan, but will be moving out of the plan's service area next month. she is worried that she will

Arturiano [62]

The best advice to be given to Ms. Lee in regards to the scenario is that she has the eligibility for a SEP in which she could enrolled in before she could even move to the location where she would likely be residing to. With this plan, if she notified about moving earlier or in advance, the period will only last for about two months in addition.

7 0

2 years ago

Read 2 more answers

You are managing a project to build an urgent care clinic. Your company is expanding and has constructed 25 clinics so far. Whic

Dmitry_Shevchenko [17]

Answer:

Delphi technique

Explanation:

The Delphi model is a technique of group communication in which a panel of experts reach consensus on a set of questions and discussions. This is used to predict or to forecast. First, choose an effective facilitator and experts with relevant expertise, and ensure that the issue is well established after that they reach with a decision

Therefore in the given case, the delphi technique is used

6 0

1 year ago

Imagine that you calculate the inflation rate of some economy using the CPI. You get that inflation in 2008 was 22.4%, in 2009 w

Free_Kalibri [48]

Answer:

The calculation will be more accurate, because the base year is the oldest.

CPI is calculated as

(P_n / P_base - 1)*100

as:

P_n prices at time n

The mathematical reason why it is better to take the oldest year is that % growth works better

3 0

2 years ago

On December 31, 2017, Dow Steel Corporation had 770,000 shares of common stock and 47,000 shares of 9%, noncumulative, nonconver

Oksana_A [137]

Answer:

EPS = 3.37

Explanation:

First step we will calculate the income after paying the preferred dividends

net income 2,950,000

86,000 preferred stock dividends

earnings for common stock: 2,864,000

Then we calcualte the average shares outstanding

Feb 28th 68,000 sold shares

May 15th 770,000 x 5% = 38,500 new shares

July 1st 4,000 shares retired

weighted average shares:

770,000 +68,000 x 10/12 + 38,500 x 7.5/12 - 4,000 x 6/12 = 848729.1667

average shares 848,729

Earning per share

(net income - preferred stock) / weighted average shares outstanding

2,864,000 / 848,729 = 3,.744 = 3.37

5 0

1 year ago