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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

 

 

references

 

 

 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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