Homework Answers
| Cost of goods sold = Finished goods inventory at beginning + Cost of goods manufactured for the period - Finished goods inventory at end |
| Cost of goods sold = 55,000+559,000-60,000 |
| Cost of goods sold = $554,000 |
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1
Using the information below, calculate cost of goods sold for the period: 033 points Sales...
Using the information below, calculate cost of goods sold for the period 00 Sales revenues for...
Using the information below, calculate cost of goods sold for the period 00 Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period 00:26:03 $1,304,000 239,000 36,000 41,000 540,000 Multiple Choice O $774,000 O $636.000 O $700.000 $530,000 O $448.000 manufacturing company has a beginning finished goods inventory of $20,300, cost of goods manufactured of $58,500, and an ending frihed goods inventory of...
Using the information below, calculate cost of goods sold for the period: Sales revenues for the...
Using the information below, calculate cost of goods sold for the period: Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,320,000 255,000 52,000 57,000 556,000 Multiple Choice $801,000 $806,000 $514,000 O $551,000
2 Using the information below, calculate net income for the period: 0.33 Sales revenues for the...
2
Using the information below, calculate net income for the period: 0.33 Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,322,000 257,000 54,000 59,000 558,000 points X 00:27:40
Using the information below. calculate net income for the period Sales revenues for the period Operating...
Using the information below. calculate net income for the period Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,308,000 243,000 40,000 45,000 544,000 $777.000 $436,000 10 0 0 0 C $526,000. $782,000
Using the information below. calculate gross profit for the period! Sales revenues for the period Operating...
Using the information below. calculate gross profit for the period! Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,264,000 235,000 35,600 40,600 520,000 Multiple Choice O $432,800. $515.000 $749,000 o oo $510,000 0 $754,000
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials...
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory $ 40,000 Ending Raw Materials Inventory 31,600 Beginning Work in Process Inventory 70,000 Ending Work in Process Inventory 79,000 Beginning Finished Goods Inventory 102,500 Ending Finished Goods Inventory 82,000 Cost of Goods Sold for the period 555,000 Sales revenues for the period 1,269,000 Operating expenses for the period 247,000 Multiple Choice $534,500. $580,200. $575,500. $564,000. $543,500.
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials...
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory $ 45,000 Ending Raw Materials Inventory 36,600 Beginning Work in Process Inventory 75,000 Ending Work in Process Inventory 84,000 Beginning Finished Goods Inventory 110,000 Ending Finished Goods Inventory 87,000 Cost of Goods Sold for the period 560,000 Sales revenues for the period 1,274,000 Operating expenses for the period 252,000 Multiple Choice $583,000. $546,000. $569,000. $537,000. $585,200.
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $224,180 Selling expenses 74,880 Administrative expenses 39,590 Sales 476,970 Finished goods inventory, January 1 53,900 Finished goods inventory, January 31 49,130 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
MC Qu. 168 Using the information below... Using the information below, calculate the cost of goods...
MC Qu. 168 Using the information below... Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory R Ending Raw Materials Inventory Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold for the period Sales revenues for the period Operating expenses for the period $ 36,000 27,600 66,000 75,000 96,500 78,000 551,000 1,265,000 243,000 Multiple Choice 0 $560,000. 0 $541,500....
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $231,660 Selling expenses 77,390 Administrative expenses 40,910 Sales 492,900 Finished goods inventory, January 1 55,700 Finished goods inventory, January 31 50,770 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January...
Using the information below, calculate cost of goods sold for the period 00 Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period 00:26:03 $1,304,000 239,000 36,000 41,000 540,000 Multiple Choice O $774,000 O $636.000 O $700.000 $530,000 O $448.000 manufacturing company has a beginning finished goods inventory of $20,300, cost of goods manufactured of $58,500, and an ending frihed goods inventory of...
Using the information below, calculate cost of goods sold for the period: Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,320,000 255,000 52,000 57,000 556,000 Multiple Choice $801,000 $806,000 $514,000 O $551,000
2
Using the information below, calculate net income for the period: 0.33 Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,322,000 257,000 54,000 59,000 558,000 points X 00:27:40
Using the information below. calculate net income for the period Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,308,000 243,000 40,000 45,000 544,000 $777.000 $436,000 10 0 0 0 C $526,000. $782,000
Using the information below. calculate gross profit for the period! Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,264,000 235,000 35,600 40,600 520,000 Multiple Choice O $432,800. $515.000 $749,000 o oo $510,000 0 $754,000
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $224,180 Selling expenses 74,880 Administrative expenses 39,590 Sales 476,970 Finished goods inventory, January 1 53,900 Finished goods inventory, January 31 49,130 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
MC Qu. 168 Using the information below... Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory R Ending Raw Materials Inventory Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold for the period Sales revenues for the period Operating expenses for the period $ 36,000 27,600 66,000 75,000 96,500 78,000 551,000 1,265,000 243,000 Multiple Choice 0 $560,000. 0 $541,500....
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $231,660 Selling expenses 77,390 Administrative expenses 40,910 Sales 492,900 Finished goods inventory, January 1 55,700 Finished goods inventory, January 31 50,770 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January...
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