Question 2 Given the following data, what is cost of goods sold? Sales revenue $10,000 Beginning...
Question 2 Given the following data, what is cost of goods sold? Sales revenue $10,000 Beginning inventory 3,000 Ending inventory 7,000 Purchases of inventory 5,000 $ 1,000 $12,000 $ 7,000 $ 9,000 $ 8,000
Homework Answers
Cost of goods sold is $ 1,000
| Beginning inventory | $ 3,000 | |
| Purchase of inventory | $ 5,000 | |
| Cost of goods available for sale | $ 8,000 | |
| Ending Inventory | $ 7,000 | |
| Cost of goods sold | $ 1,000 | |
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Question 2 Given the following data, what is cost of goods sold?
Sales revenue $10,000 Beginning...
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please answer the following question 8. Compute Cost of Goods Sold for a retail merchandiser with...
please answer the following question
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evony BUS2102-Spring 2019-Chapter 2 Fun &Exciting Exercises Always show your work when doing fun &exciting exercises...
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Question Completion Status: QUESTION 5 Beta Company provided the following information for June: Beginning inventory of...
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Cost of Goods Manufactured and Sold Income Statement P2-A The following sales and cost data has been accumulated for the Blueberry Company for the year ended June 30, Year 2: Inventories Raw materials Work in process Finished goods $ Beginning 9,000 32,000 17,000 Ending 12,000 30,000 22,000 Advertising expense Utilities, factory mo Depreciation, office equipment Indirect materials Property taxes, office building Purchases of raw materials Rent, office Rent, factory mo Utilities, office Direct labor Sales commissions SMaries Depreciation, factory equipment...
If net operating income was $50,000
Then the beginning finished goods inventory was howmuch?
Use the following to answer the next two questions The Argyle Company has provided the following data for the month of November: Inventories November / November 30 Direct materials $15,000 Work in process .......... 12,000 10,000 Finished goods 7,000 $? Additional Data: Sales revenue $100,000 Direct labor costs 8,000 Manufacturing overhead costs ......... 10,000 Selling expenses .. 12,000 Administrative expenses .................. 13,000 Cost of goods manufactured...
please answer the following question
8. Compute Cost of Goods Sold for a retail merchandiser with the below information: Yard maintenance.........$ 9,000 Delivery Expense........... $ 2,050 Freight in... .............-... $ 550 Purchases..................... $45,000 Ending Inventory............ $ 5,000 Beginning Inventory........ $ 8,000 Revenues... .............. $72,000 9. Calculate the direct materials used from the following: Purchases of direct materials........ ..... $4,750 Beginning inventory of direct materials........... $ 2,500 Freight in........... *.................................$ 100 Delivery Expense...... . $ 150 Property taxes.............. Ending inventory of...
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Cost of goods sold Based on the following data, determine the cost of goods sold for November: $14,500 Estimated returns of November sales Inventory, November 1 Inventory, November 30 Purchases Purchases returns and allowances Purchases discounts Freight in 28,000 31,500 475,000 15,000 9,000 7,000
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evony BUS2102-Spring 2019-Chapter 2 Fun &Exciting Exercises Always show your work when doing fun &exciting exercises Question 1) Supply the missing data in the four cases below. Each case is independent of the others Case 1Case 2Case 3 Case4 S 14,000$ 9,00o $ 6,000 $ 8,000 Direct materials Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured 4,000 4,000 5,000 20,000 G 7,000 31,000 25,00018.000 1,000 2,000 4,000...
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