Case A Case B Case C Beginning inventory, raw material 96,000 7,000 Ending inventory, raw material...

Case A	Case B	Case C
Beginning inventory, raw material		96,000	7,000
Ending inventory, raw material	198,000		33,000
Purchases of raw material	290,000	273,000
Direct material used	230,000	321,000
Direct labor		390,000	71,500
Manufacturing overhead	590,000		98,000
Total manufacturing costs	1,130,000	1,125,000	217,000
Beginning inventory, work in process	88,000	78,000
Ending inventory, work in process		123,000	4,300
Cost of goods manufactured	1,086,000		220,000
Beginning inventory, finished goods	190,000	138,000
Cost of goods available for sale			235,000
Ending inventory, finished goods			21,500
Cost of goods sold	1,180,000	1,062,000
Sales			420,000
Gross margin	528,000	528,000
Selling and administrative expenses		261,000
Income before taxes	390,000		63,000
Income tax expense	98,000	159,000
Net income			36,500

Expert Solution

ekkarill92 answered 1 year ago

Case (A) Case (B) Case (C) Beginning Balance (BB) ? $ 39,000 $ 23,900 Ending Balance...

Case (A) Case (B) Case (C) Beginning Balance (BB) ? $ 39,000 $ 23,900 Ending Balance (EB) $ 83,000 35,200 24,300 Transferred In (TI) 165,600 113,700 ? Transferred Out (TO) 180,600 ? 37,100 For Case (B) above, what is the amount Transferred Out (TO)? $152,700. $109,900. $148,900. $117,500.

Case (A) Case (B) Case (C) Beginning Balance (BB) ? $ 23,000 $ 7,900 Ending Balance...

Case (A) Case (B) Case (C) Beginning Balance (BB) ? $ 23,000 $ 7,900 Ending Balance (EB) $ 67,000 19,200 8,300 Transferred In (TI) 149,600 97,700 ? Transferred Out (TO) 164,600 ? 21,100 For Case (A) above, what is the Beginning Balance (BB)? $52,000. $82,000. $67,000. $97,600.

3. Current information for the Healey Company follows: Beginning raw materials inventory $ 25,200 Raw material...

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Suppose the following: Beginning Inventory = 11202 Ending Inventory= 12259 Beginning Receivables = 6123 Ending Receivables...

Suppose the following: Beginning Inventory = 11202 Ending Inventory= 12259 Beginning Receivables = 6123 Ending Receivables = 6623 Beginning Payables = 8425 Ending Payables = 8827 Credit Sales = 91254 Cost of Goods Sold = 72320 Calculate the following (round final answers to 2 decimal places): Operating Cycle = days Cash Cycle = days

Suppose the following: Beginning Inventory = 11141 Ending Inventory= 12245 Beginning Receivables = 6450 Ending Receivables...

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