13 armorrell corporation began 2007 with 115 000 of raw material inventory 250 000 o 4352246

13.Armorrell Corporation began 2007 with $115,000 of raw material inventory, $250,000 of work-in-process inventory, and $98,000 of finished goods inventory. During the year, Armorrell purchased $560,000 of raw material and used $540,000 in production. Labor used in production during the year was $1,120,000. Overhead was $640,000. Cost of goods completed was $2,370,000 and cost of goods sold was $2,340,000.

Required:

Prepare a schedule to determine ending balances for raw material, work-in-process, and finished goods inventories.

Ending finished goods inventory$  128,000

14.The following inventory information is available for Donaldson Company:

UnitsUnit costTotal cost

Beginning inventory400$56$22,400

Jan. 14 purchase1,0006666,000

Jan. 25 purchase1,0007070,000

Ending inventory600

Required:

Fill in the table below (assume periodic inventory method).

FIFOLIFOWeighted average

Ending inventory

Cost of goods sold

15.The following inventory information is available for San Pedro Company:

Units  Unit cost     Total cost

Beginning inventory300$28$ 8,400

May  9 purchase1,0003232,000

May 16 sale900

May 20 purchase1,0003636,000

May 25 sale1,200

Required:

Using the perpetual method, fill in the table below. Round the final answer to the nearest $.01.

FIFOLIFOWeighted average

Ending inventory

Cost of goods

sold

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