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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