An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
Materials
Receiving Requi-
Report Unit sition
Number Quantity Price Number Quantity Unit Price Amount Date Quantity Unit Price Amount
May 1 285 $30.00 $8,550
40 130 $32.00 May 4
91
Total 365 May 10
44 110 $38.00 May 21
97
Total 100 May 27
b. Total issued Ending balance
c.
d.
[Key essay answer here]
RECEIVED
ISSUED
BALANCE
[Key code here]
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WIRE CABLE
Score:
Key Code:
Instructions
0%
Exercise 19-3
Name:
Section:
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
Materials
Receiving Requi-
Report Unit sition
Number Quantity Price Number Quantity Unit Price Amount Date Quantity Unit Price Amount
May 1 285 $30.00 $8,550
40 130 $32.00 May 4 285 $30.00 $8,550
130 $32.00 $4,160
c.
14,610
ISSUED
Work in Process
BALANCE
WIRE CABLE
ON
Exercise 19-3
Name:
Section:
Score:
Cells with non-gray backgrounds are protected and cannot be edited.
Instructions
Answers are entered in the cells with gray backgrounds.
RECEIVED
An asterisk (*) will appear to the right of an incorrect entry.
a.
Revenues
Gross profit
Income from operations
b.
Materials inventory:
Purchased materials
Less: Materials used in production
Materials inventory
Work in process inventory:
Materials used in production
Direct labor
Factory overhead
Additions to work in process
Less: Transferred to finished goods
Work in process inventory, June 30
Finished goods inventory:
Transferred to finished goods
Less: Cost of goods sold
Finished goods inventory, June 30
Exercise 19-14
Name:
Section:
Instructions
CHI-LITE INC.
Income Statement
For the Month Ended June 30, 2016
0%
Cells with non-gray backgrounds are protected and cannot be edited.
[Key code here]
Answers are entered in the cells with gray backgrounds.
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
a.
Revenues 1,400,000$
789,000
b.
Materials inventory:
Purchased materials 400,000$
Less: Materials used in production 343,750
Materials inventory 56,250$
Work in process inventory:
Exercise 19-14
Name:
Solution
Section:
ON
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
For the Month Ended June 30, 2016
CHI-LITE INC.
Income Statement
Cost of goods sold
Selling expenses
Administrative expenses