Deuce Company manufactures a small engine.During Year3, Deuce completed2000 engines. Deuce incurred thefollowing...Deuce Company...

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Deuce Company manufactures a small engine.During Year3, Deuce completed2000 engines. Deuce incurred thefollowing costs

$40000 for the cost of materials for theengines
$20000 for the cost of labor in the factory
$54000 for the depreciation on administrativeequipment
$140000 for depreciation on the manufacturingequipment

Deuce had no inventory on hand at the beginning ofYear3. The company sold 800 engines duringYear3.

Round your final answers to the nearest dollar, if needed. Do notinclude any commas or other punctuation in your answer.

Do not enter expenses as a negative number.

What will Deuce report as Depreciation expense onthe Year3 income statement?

What will Deuce report as inventory on the balancesheet as of the end of Year3?

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4.4 Ratings (952 Votes)

Cost of material	$ 40,000
Cost of labor	$ 20,000
Depreciation expense on factory equipment( Manu. Overhead)	$ 140,000
Total Cost	$ 200,000
Divide by No of units produced	2,000
Cost per unit	$ 100.00

What will Deuce report as Depreciation expense on the Year3 income statement?
Deuce will report $54,000 as depreciation expense

What will Deuce report as inventory on the balance sheet as of the end of Year3?
Inventory
NO of units	Amount
1200	$ 120,000
	(1200 units x $100)

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In: AccountingDeuce Company manufactures a small engine.During Year3, Deuce completed2000 engines. Deuce incurred thefollowing...Deuce Company manufactures a small engine.During Year3, Deuce completed2000 engines. Deuce incurred thefollowing costs$40000 for the cost of materials for theengines$20000 for the cost of labor in the factory$54000 for the depreciation on administrativeequipment$140000 for depreciation on the manufacturingequipmentDeuce had no inventory on hand at the beginning ofYear3. The company sold 800 engines duringYear3.Round your final answers to the nearest dollar, if needed. Do notinclude any commas or other punctuation in your answer.Do not enter expenses as a negative number.What will Deuce report as Depreciation expense onthe Year3 income statement? What will Deuce report as inventory on the balancesheet as of the end of Year3?