In: Accounting
1. Use the information below for Harding Company to answer the question that follows.
Harding Company | |
Accounts payable | $30,752 |
Accounts receivable | 74,184 |
Accrued liabilities | 6,245 |
Cash | 17,689 |
Intangible assets | 43,598 |
Inventory | 73,050 |
Long-term investments | 111,677 |
Long-term liabilities | 75,025 |
Marketable securities | 32,134 |
Notes payable (short-term) | 24,768 |
Property, plant, and equipment | 684,473 |
Prepaid expenses | 2,257 |
Based on the data for Harding Company, what is the amount of working capital?
a.$682,216
b.$1,039,062
c.$137,549
d.$199,314
2.
Zoe Corporation has the following information for the month of March.
Cost of direct materials used in production | $16,373 |
Direct labor | 25,594 |
Factory overhead | 32,221 |
Work in process inventory, March 1 | 18,679 |
Work in process inventory, March 31 | 18,291 |
Finished goods inventory, March 1 | 22,420 |
Finished goods inventory, March 31 | 25,008 |
a. Determine the cost of goods
manufactured.
$
b. Determine the cost of goods sold.
$