Exercise 18-7 Balance sheet identification and preparation L.O. C4
[The following information applies to the questions displayed below.]
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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. |
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Account |
Company 1 |
Company 2 |
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Cash |
$ |
11,000 |
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$ |
9,000 |
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Raw materials inventory |
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— |
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35,750 |
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Merchandise inventory |
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38,750 |
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— |
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Goods in process inventory |
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— |
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26,000 |
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Finished goods inventory |
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— |
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46,000 |
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Accounts receivable, net |
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55,000 |
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66,000 |
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Prepaid expenses |
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4,500 |
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900 |
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1.
value:
1.00 points
Exercise 18-7 Part 1.1
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(1.1) |
Identify which set of numbers relates to the manufacturer. |
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$ |
$ |
$ |
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$ |
$ |
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$ [removed] |
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9.
value:
2.00 points
Exercise 18-13 Cost flows in manufacturing L.O. C5
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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. |
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$37,550 |
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$7,550 |
$ [removed] |
$5,050 |
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$ [removed] |
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$78,050 |
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$132,050 |
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$22,550 |
$ [removed] |
$ [removed] |
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$245,600 |
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$ [removed] |
$286,150 |
$30,050 |
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$ [removed] |
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