Calculate the cost of goods sold using the following information: Direct materials used $ 299,900 Direct labor used 133,400 Factory overhead costs 265,400 General and administrative expenses 86,900 Selling expenses 50,200 Work in Process inventory, January 1 119,900 Work in Process inventory, December 31 127,300 Finished goods inventory, January 1 233,500 Finished goods inventory, December 31 240,100

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.