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Helmer Sporting Goods Company Manufactured 100,000 Units in 2015 and Reported

Question 151

Essay

Helmer Sporting Goods Company manufactured 100,000 units in 2015 and reported the following costs:
Helmer Sporting Goods Company manufactured 100,000 units in 2015 and reported the following costs:     Required: a.What is the cost of direct materials used during 2015? b.What manufacturing costs were added to WIP during 2015? c.What is cost of goods manufactured for 2015? d.What is cost of goods sold for 2015?
Required:
a.What is the cost of direct materials used during 2015?
b.What manufacturing costs were added to WIP during 2015?
c.What is cost of goods manufactured for 2015?
d.What is cost of goods sold for 2015?

Correct Answer:

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

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