Solution 03 Manufacturing cost calculations Vintage Furniture constructs and sells executive style conference tables The selling price is 10 000 per table
Solution Manufacturing cost calculations Vintage Furniture constructs and sells executive style conference tables The selling
Solution Manufacturing cost calculations Vintage Furniture constructs and sells executive style
calculations Vintage Furniture constructs and sells executive style conference tables The selling price is per table
Solution Manufacturing cost calculations Vintage Furniture constructs and sells
executive style conference tables The selling price is per table
Solution Manufacturing cost calculations Vintage Furniture constructs
Solution Manufacturing cost
(Solution) 03 Manufacturing cost calculations Vintage Furniture constructs and sells executive style conference tables. The selling price is $10,000 per table....

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Problem is attached. "Vintage Furniture constructs and sells executive style conference tables.  The selling price is $10,000 per table.  A unique feature is that the only raw material used in the construction of each table, other than indirect materials like glues and screws, comes entirely from a single tree.  Tree prices and other costs of production have remained stable, and Vintage is able to use each tree purchased without incurring any significant spoilage.  Consider the following "disorganized" information and complete the indicated requirements."Vintage Furniture constructs and sells executive style conference tables. The selling price is $10,000 per table. A unique feature is that the only raw material used in the construction of each table, other than indirect materials like glues and screws, comes entirely from a single tree. Tree prices and other costs of production have remained stable, and Vintage is able to use each tree purchased without incurring any signi?cant spoilage. Consider the following "disorganized" information and complete the indicated requirements. Ending work in process (600 tables) $1,800,000 Selling price per table 10,000 Ending ?nished goods (200 tables) 1,400,000 Indirect labor incurred during the period 125,000 Raw materials transferred into production (700 trees) 700,000 Beginning ?nished goods (400 tables) 2,800,000 Cost of glues and screws 35,000 Beginning work in process 1,465,000 Ending raw materials (500 trees) 500,000 Direct labor incurred during the period 3,300,000 Selling, general, and administrative costs incurred 1,150,000 Depreciation of factory equipment 75,000 Raw material purchases during the period (900 trees) 900,000 All other factory overhead 300,000 Tables sold (800 tables) (a) Complete the reconciliation of units on the accompanying blank worksheet, showing the "unit" activity in raw materials, work in process, and ?nished goods. (b) Calculate the cost of goods manufactured. (c) Calculate the cost of goods sold. (d) Calculate net income. Assume an income tax rate of 35%. Manufacturing cost calculations I-17.03

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