The following information is available for electricity costs…

The following information is available for electricity costs for the last six months of the year: ​ Month Production Volume Electricity Costs January 1,400 $2,200 February 2,800 5,400 March 3,200 5,700 April 1,750 3,900 May 1,200 2,400 June 2,100 4,050 ​ Using the high low method, what are the estimated fixed costs?

Worth Company reported the following year-end information: b…

Worth Company reported the following year-end information: beginning work in process inventory, $180,000; cost of goods manufactured, $866,000; beginning finished goods inventory, $252,000; ending work in process inventory, $220,000; and ending finished goods inventory, $264,000. Worth Company’s cost of goods sold for the year is

Information from the records of Chrome Ponies Enterprises fo…

Information from the records of Chrome Ponies Enterprises for June 2020 is as follows:   Sales $41,000 Direct labor 10,000 Selling and administrative expenses 7,000 Direct materials purchases 6,000 Factory overhead 13,500 ​ ​ Inventories ​ June 1, 2020 June 30, 2020 Direct materials $1,200  $1,400  Work in process 2,500 2,800 Finished goods 2,300 1,900 ​ What is the cost of goods sold?