Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. portland manufacturing had the following data for

Portland Manufacturing had the following data for the period just ended: Work in process, January...

50.1K

Verified Solution

Question

Accounting

Portland Manufacturing had the following data for the period just ended:

Work in process, January 1 $ 28,500

Work in process, December 31 42,000

Finished goods, January 1 88,000

Finished goods, December 31 70,000

Direct materials used 137,000

Direct labor 335,000

Factory depreciation 77,000

Sales 985,000

Advertising expense 67,000

Factory utilities 33,500

Indirect materials 32,000

Indirect labor 47,000

Required: Calculate Portlands cost of goods manufactured. Calculate Portlands cost of goods sold.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

FINDING A PROBABILITY A movie complex is showing three action films and three comedy films....

Basic Math
1.2K views

Wequency distribution for non grouped data A doctor s office has four doctors This morning...

Statistics
1.2K views

The mean incubation time for a type of fertilized egg kept at a certain temperature is...

Advance Math
1.2K views

ALGORITHMS AND ANALYSIS: Show with a counterexample that the greedy approach does not always yield an optimal...

Programming
1.2K views

can someome investigate my program that utilizes semaphores that can result in deadlock due to programming...

Biology
1.2K views

Ils without a nucleus cannot to produce daughter cells

Basic Math
1.2K views

Let g(x) = ?f(t) dt, where f is the function whose graph is shown.(a) Evaluate...

Algebra
1.2K views

1 What is found near at a subduction zone Cascadia Subbuction zom Use the chart...

Algebra
1.2K views

Solve the equation using the quadratic formula x 7x 12 0

Accounting
1.2K views

5.6 pts The Puyer Corporation makes and sells only one product called a Deh. The...

Accounting
1.2K views

Question 1 Not complete Marked out of 2.00 P Flag question Classifying Current and Noncurrent...

Accounting
1.2K views

Tell me about a situation when you had to adapt to a substantial change you...