Harmony Corporation manufactures and sells a single product, Questions are in file attachment. Thanks,

Harmony Corporation manufactures and sells a single product, Questions are in file attachment. Thanks,

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Harmony Corporation manufactures and sells a single product.
In preparing the budget for the first
quarter, the company’s cost accountant has assembled the following information:
Units
Dollars
Sales (budgeted)
150,000
$12,150,000.00
Finished goods inventory, Jan. 1 (actual)
30,000
$1,080,000.00
Finished goods inventory, Mar. 31 (budgeted)
20,000
?
Cost of finished goods manufactured (budgeted manufacturing cost is $39 per unit)
?
?
The company uses the first-in, first-out method of pricing its inventory of finished goods.
Instructions
Compute the following budgeted quantities or dollar amounts:
a. Planned production of finished goods (in units)
b. Cost of finished goods manufactured.
c. Finished goods inventory, March 31. (Remember to u se the first-in, first-out method in pricing the inventory)
d. Cost of goods sold.

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