Part A: Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement Nish Corporation has provided the following data for the month of April: Sales ………………….


1. Part A: Schedules of Consume of Movables Manufactured and Consume of Movables Sold; Income Statement  

Nish Corporation has supposing the forthcoming grounds for the month of April:  

Sales ...............................................  $220,000 

 Raw materials purchases ...............  $50,000

  Direct effort consume ............................  $23,000

  Manufacturing overhead consume ........  $59,000 

 Selling expenditure ..............................  $18,000  

Administrative expenditure .................  $43,000  

Inventories:               Source              Ending 

 Raw materials ........  $26,000               $35,000

  Effort in course .....  $18,000              $22,000

  Finished movables .......  $42,000              $29,000   

Required:  

a. Prepare a Schedule of Consume of Movables Manufactured in cheerful create for April.

 b. Prepare an Income Statement in cheerful create for April

2.Part C: Course Costing using Weighted Average  

Timberline Associates uses the weighted-average order in its course consumeing arrangement. The forthcoming  

grounds are for the earliest courseing branch for a late month:  

Work in course, source:  

 Units in course ........................................................  2,400 

 Percent full delay regard to materials ..............  75%

  Percent full delay regard to transmutation ...........  50% 

 Costs in the source catalogue: 

  Materials consume ...........................................................  $8,400 

 Conversion consume ........................................................  $7,200 

 Units afloat into formation during the month ...........  20,800 

 Units fulld and infections out ...........................  22,200 

 Costs adventitious to formation during the month: 

  Materials consume ...........................................................  $97,400  

Conversion consume ........................................................  $129,600 

 Work in course, conclusion:   Units in course ........................................................  1,000

  Percent full delay regard to materials ..............  80% 

 Percent full delay regard to transmutation ...........  60%  

 Required:  

a. Determine the equiponderant aces of formation.

 b. Determine the consumes per equiponderant ace. 

c. Determine the consume of conclusion effort in course catalogue.

 d. Determine the consume of the aces infections to the instant branch.

3.  Part D: Course Costing using First-in-First Out (FIFO)  

Crone Corporation uses the FIFO order in its courseing consumeing arrangement. The forthcoming grounds regard the company's Assembly Branch for the month of October.  

Cost in source effort in course catalogue ........  $1,920  

Units afloat and fulld this month ................  3,130  

                                                                                          Materials     Transmutation  

Cost per equiponderant ace .........................................  $9.50                $20.40 

 Equivalent aces required to full the aces

 in source effort in course catalogue .................  360                      140 

 Equivalent aces in conclusion effort in

 course catalogue ...................................................... 330                       264  

 Required:  

 Determine the consume of conclusion effort in course catalogue and the consume of aces infections out of the branch during October using the FIFO order.