Acct 212 Chapter 18.
Exercise 18-7 Balance sheet identification and preparation L.O. C4
[The following information applies to the questions displayed below.]
| Current assets for two different companies at calendar year-end 2011 are listed here. One is a manufacturer, Roller Blades Mfg., and the other, Sunny Foods, is a grocery distribution company. |
| Account | Company 1 | Company 2 | ||||||
| Cash | $ | 11,000 | $ | 9,000 | ||||
| Raw materials inventory | — | 35,750 | ||||||
| Merchandise inventory | 38,750 | — | ||||||
| Goods in process inventory | — | 26,000 | ||||||
| Finished goods inventory | — | 46,000 | ||||||
| Accounts receivable, net | 55,000 | 66,000 | ||||||
| Prepaid expenses | 4,500 | 900 | ||||||
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1.
value:
1.00 points
Exercise 18-7 Part 1.1
| (1.1) | Identify which set of numbers relates to the manufacturer. |
| $ | $ | $ | $ | $ | $ [removed] | |||||||||||||||||||||||||||||
9.
value:
2.00 points
Exercise 18-13 Cost flows in manufacturing L.O. C5
| The following chart shows how costs flow through a business as a product is manufactured. Some boxes in the flowchart show cost amounts. Compute the cost amounts for the input boxes. |
| $37,550 | ||||||
| $7,550 | $ [removed] | $5,050 | ||||
| $ [removed] | ||||||
| $78,050 | $132,050 | |||||
| $22,550 | $ [removed] | $ [removed] | ||||
| $245,600 | ||||||
| $ [removed] | $286,150 | $30,050 | ||||
| $ [removed] |
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