Larkspur Co. had cost of goods sold of $2,500. If beginning inventory was $2,600 and ending inventory was $750, Larkspur's purchases must have been:
Multiple Choice
$650.
$850.
$1,850.
$4,350.
$650.
Purchase is calculated as follows: | |||
Cost of goods sold | $ 2,500 | ||
Add ending inventory | $ 750 | ||
Less beginning inventory | $ 2,600 | ||
Purchase | $ 650 |
Larkspur Co. had cost of goods sold of $2,500. If beginning inventory was $2,600 and ending...
The records of Alberta Inc. included the following information: Cost of goods sold Beginning inventory Ending inventory $1,850,000 440,000 475,000 What is the inventory turnover ratio? (Round your answer to two decimal places.) Multiple Choice o 4.20 times o 2.00 times o 3.89 times o o 4.04 times 4.04 times AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory Purchase on January 25 Purchase on March 15 Purchase on October...
ssume the following: Beginning finished goods inventory Ending finished goods inventory Unadjusted cost of goods sold $10,000 $ 9,900 $ 48,000 What is the cost of goods manufactured? Multiple Choice $47,800 $50,000
If budgeted beginning inventory is $8,850, budgeted ending inventory is $10,060, and budgeted cost of goods sold is $10,810, budgeted purchases should be Multiple Choice Ο Ο Ο Ο Ο
12 Taylor Co. had beginning inventory of $1150 and ending inventory of $1,630. Taylor Co. had cost of goods sold amounting to $3.230. What is the amount of inventory that was purchased during the period? Multiple Choice (2 60025 Ο $2. Ο Ο 53,710 Ο Ο 50,000 Ο Ο μιο Saved Help fine following information applies to me questions displayed below. Chase Co. uses the perpetual Inventory method. The inventory records for Chase reflected the following information: Jan 1 Jan...
Finished Goods $ 1,350 $2,800 Beginning inventory Ending inventory Purchases of materials Cost of Goods Sold Manufacturing overhead Work-in-Process $ 1,250 $ 2,600 $ 11,500 $19,400 $ 6,150 What was the direct labor for the period? O $6,500. O $7,750. O $8,200. $9,650. ©2020 McGraw-Hill Educa bllowing information: Finished Goods $ 1,350 $2,800 Materials $ 1,450 $3,400 Work-In-Process $ 1,250 $ 2,600 $ 11,500 $19,400 $ 6,150 e period?
Zhang Company reported Cost of goods sold of $849,000, beginning Inventory of $40,000 and ending Inventory of $47,700. The average Inventory amount is: Multiple Choice o $40,000. o $47,700. o 87,700. o $43,850. o $7,700.
1.If budgeted beginning inventory is $8,950, budgeted ending inventory is $10,180, and budgeted cost of goods sold is $10,910, budgeted purchases should be: Multiple Choice $1,230 $1,960 $12,140 $9,680 $730 2.Ratchet Manufacturing's August sales budget calls for sales of 5,000 units. Each month's unit sales are expected to grow by 4%. The product selling price is $20 per unit. The expected total sales dollars for September's sales budget are: Multiple Choice $100,000. $96,000. $104,000. $108,000. $5,200. 3 Question - Flagstaff...
Uly systems. 7-34 Valui A valuing Inventory and Cost of Goods Sold Metals. Ltd., had the following inventory transactions during the month of March (in Crowe Metals, Ltd. British pounds, £): 3/1 beginning inventory Week 1, purchases Week 2, purchases Week 3, purchases Week 4, purchases 3,000 units @ £2.00 2,000 units @ £2.10 2,000 units @ £2.20 1,000 units @ £2.30 1,000 units @ £2.50 £6,000 4,200 4.400 2,300 2,500 On March 31, a count of the ending inventory...
16. Smith Company had Beginning Inventory of $50,000, Ending Inventory of $80,000, Cost of Goods Sold of $320,000, and Sales of $500,000. Smith's inventory turnover is: a. 4 times Chagallo loco inemeoloonins as beleb al MS b. 4.9 times VALEO c. 7.7 times til boldo v enilo nob Wallneve d. 6.25 times 17. Smith Company had Beginning Inventory of $50,000, Ending Inventory of $80,000, Cost of God Sold of $320,000, and Sales of $500,000. Smith's Days in Inventory is: a....
Beckenworth had cost of goods sold of $9,621 million, ending inventory of $2,289 million, and average inventory of $1,985 million. Its days' sales in inventory equals: (Use 365 days a year.) Multiple Choice 75 3 days 0.2 86.8 days O 11.5. 112