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Helmer Sporting Goods Company Manufactured 100,000 Units in 2018 and Reported

Question 169

Essay

Helmer Sporting Goods Company manufactured 100,000 units in 2018 and reported the following costs: Helmer Sporting Goods Company manufactured 100,000 units in 2018 and reported the following costs:   Required: a.What is the cost of direct materials used during 2018? b.What manufacturing costs were added to WIP during 2018? c.What is cost of goods manufactured for 2018? d.What is cost of goods sold for 2018? Required:
a.What is the cost of direct materials used during 2018?
b.What manufacturing costs were added to WIP during 2018?
c.What is cost of goods manufactured for 2018?
d.What is cost of goods sold for 2018?

Correct Answer:

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a.$384,000 + $3,136,000 - $275,200 = $3,...

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