Homework Answers
Answer: The correct answer is $134,000
Cost of Goods Sold = Beginning Inventory + Purchases – Ending
Inventory
Cost of Goods Sold = $12,000 + $140,000 - $18,000
Cost of Goods Sold = $134,000
Add Answer to:
26.
USLIUI 2 2 pts Tuity Fruity Beverage Company's operating activities for the year are listed...
Tutty Fruity Beverage Company's operating activities for the year are listed below. Purchases $140,000 operating expenses...
Tutty Fruity Beverage Company's operating activities for the year are listed below. Purchases $140,000 operating expenses 80,600 beginning inventory 12,400 ending inventory 18,800 sales revenue 300,900 what is the cost of goods sold for the year? A. $140,100 B. $133,700 C. $152,500 D. $80,600
Challenge Tennis & Recreation's operating activities for the year are listed below. Purchases $174 comma 500...
Challenge Tennis & Recreation's operating activities for
the year are listed below.
Purchases
$174 comma 500174,500
Operating expenses
62 comma 70062,700
Beginning inventory
27 comma 80027,800
Ending inventory
37 comma 40037,400
Sales revenue
333 comma 500333,500
What is the cost of goods sold for the year?
Chicago Steel's operating activities for the year are listed below. Beginning inventory $1,000,500 Ending inventory $350,300 Purchases $750,700 Sales revenue $1,500,000 Operating expenses $701,000 What is the cost of goods sold for the year?...
22. Question 22 Chicago Steel's operating activities for the year are listed below. Beginning inventory Ending...
22.
Question 22 Chicago Steel's operating activities for the year are listed below. Beginning inventory Ending inventory Purchases Sales revenue Operating expenses $1,000,000 $350,000 $750,000 $1,500,000 $700,000 What is the cost of goods available for sale? O $50,000 $1,400,000 0 $1,750,000 0 $750,000
anti 3 of 29 (2 co This Question: 1 pt Ashville Lumber's operating activities for the...
anti 3 of 29 (2 co This Question: 1 pt Ashville Lumber's operating activities for the year are listed below. Beginning inventory Ending inventory Purchases Sales revenue Operating expenses $1,000,000 $350,000 $750,100 $1,500,700 $700.700 What is the cost of goods sold for the year? 3 O A. $49,400 OB. $750.600 O C. $1,750,100 O D. $1,400.100 гу es Tools Click to select your answer.
Company X sells widgets. The following information summarizes the company's operating activities for the year: Beginning...
Company X sells widgets. The following information summarizes the company's operating activities for the year: Beginning inventory Sales revenue Sales commissions Rent for office Utilities for the office Purchases Ending inventory $7,800 $25,000 $1,000 S2,700 S1,900 $6,800 S5,300 What is gross profit? OA. $20,300 O B. S10,100 O C. $15,700 O D. $13,800
The following information pertains to Bright Toy Company's operating activities for 2009. The company sells light...
The following information pertains to Bright Toy Company's operating activities for 2009. The company sells light box toys and sold 10,000 units in 2009. What is the cost of goods sold for 2009? Purchases Selling and Administrative Expenses Merchandising inventory, 1/1/2009 Merchandising inventory, 12/31/2009 $126,000 90,000 14,000 10,000 250,000 Sales Revenue $140,000 $124.000
14. What is company's margin of safety in units for projected Year 16? 15. What is the company's ...
14. What is company's margin of safety in units for projected Year 16? 15. What is the company's margin of safety as a percentage for projected Year 16? not for the projected Year 16 relative to Year 15 and 16. Is the margin of safety as a percentage improving or by how much? Eoxtrot Manufacturing Company, LLC Functional Format Income Statement Latest Operating Year Proforma for Year Year 15 15% Next Operating 16% ear 16 a units sold Average price...
This Question: 2 pts 3 of 5 (2 complete) This Quiz: 10 pts poss Selected financial...
This Question: 2 pts 3 of 5 (2 complete) This Quiz: 10 pts poss Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted) EEB (Click the icon to view the data.) What was operating income? O A. $4,700 1 Data Table B. $3,970 O C. $2,730 O D. $2,360 $4,700 $440 $520 $640 $730 $280 $230 $320 $430 $330 $260 Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials...
Let's Do This, Inc. had an operating income of $35,000 for the year just ended. Balances...
Let's Do This, Inc. had an operating income of $35,000 for the year just ended. Balances in the company's current asset and current liability accounts at the beginning and of the year were as follows: Beginning Ending Cash $30,000 $40,000 Accounts Receivable $125,000 $106,000 Inventory $213,000 $180,000 Accounts Payable $210,000 $195,000 The company reported $350,000 in Sales Revenue and a Gross Profit of $140,000. Depreciation expense totaled $8,000. Using the direct method, compute the company's cash flow from operating activities...
For last year, Lewisburn Manufacturing reported the following: Revenue $420,000 Beginning inventory of direct materials, January...
For last year, Lewisburn Manufacturing reported the following: Revenue $420,000 Beginning inventory of direct materials, January 1 22,000 Purchases of direct materials 146,000 Ending inventory of direct materials, December 31 16,000 Direct manufacturing labor 18,000 Indirect manufacturing costs 40,000 Beginning inventory of finished goods, January 1 35,000 Beginning inventory of work in process, January 1 4,000 Ending inventory of finished goods, December 31 36,000 Operating costs 140,000 Ending Inventory of work in process, December 31 110,000 What was Lewisbum's cost...
Challenge Tennis & Recreation's operating activities for
the year are listed below.
Purchases
$174 comma 500174,500
Operating expenses
62 comma 70062,700
Beginning inventory
27 comma 80027,800
Ending inventory
37 comma 40037,400
Sales revenue
333 comma 500333,500
What is the cost of goods sold for the year?
Chicago Steel's operating activities for the year are listed below. Beginning inventory $1,000,500 Ending inventory $350,300 Purchases $750,700 Sales revenue $1,500,000 Operating expenses $701,000 What is the cost of goods sold for the year?...
22.
Question 22 Chicago Steel's operating activities for the year are listed below. Beginning inventory Ending inventory Purchases Sales revenue Operating expenses $1,000,000 $350,000 $750,000 $1,500,000 $700,000 What is the cost of goods available for sale? O $50,000 $1,400,000 0 $1,750,000 0 $750,000
anti 3 of 29 (2 co This Question: 1 pt Ashville Lumber's operating activities for the year are listed below. Beginning inventory Ending inventory Purchases Sales revenue Operating expenses $1,000,000 $350,000 $750,100 $1,500,700 $700.700 What is the cost of goods sold for the year? 3 O A. $49,400 OB. $750.600 O C. $1,750,100 O D. $1,400.100 гу es Tools Click to select your answer.
Company X sells widgets. The following information summarizes the company's operating activities for the year: Beginning inventory Sales revenue Sales commissions Rent for office Utilities for the office Purchases Ending inventory $7,800 $25,000 $1,000 S2,700 S1,900 $6,800 S5,300 What is gross profit? OA. $20,300 O B. S10,100 O C. $15,700 O D. $13,800
The following information pertains to Bright Toy Company's operating activities for 2009. The company sells light box toys and sold 10,000 units in 2009. What is the cost of goods sold for 2009? Purchases Selling and Administrative Expenses Merchandising inventory, 1/1/2009 Merchandising inventory, 12/31/2009 $126,000 90,000 14,000 10,000 250,000 Sales Revenue $140,000 $124.000
14. What is company's margin of safety in units for projected Year 16? 15. What is the company's margin of safety as a percentage for projected Year 16? not for the projected Year 16 relative to Year 15 and 16. Is the margin of safety as a percentage improving or by how much? Eoxtrot Manufacturing Company, LLC Functional Format Income Statement Latest Operating Year Proforma for Year Year 15 15% Next Operating 16% ear 16 a units sold Average price...
This Question: 2 pts 3 of 5 (2 complete) This Quiz: 10 pts poss Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted) EEB (Click the icon to view the data.) What was operating income? O A. $4,700 1 Data Table B. $3,970 O C. $2,730 O D. $2,360 $4,700 $440 $520 $640 $730 $280 $230 $320 $430 $330 $260 Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials...
Let's Do This, Inc. had an operating income of $35,000 for the year just ended. Balances in the company's current asset and current liability accounts at the beginning and of the year were as follows: Beginning Ending Cash $30,000 $40,000 Accounts Receivable $125,000 $106,000 Inventory $213,000 $180,000 Accounts Payable $210,000 $195,000 The company reported $350,000 in Sales Revenue and a Gross Profit of $140,000. Depreciation expense totaled $8,000. Using the direct method, compute the company's cash flow from operating activities...
For last year, Lewisburn Manufacturing reported the following: Revenue $420,000 Beginning inventory of direct materials, January 1 22,000 Purchases of direct materials 146,000 Ending inventory of direct materials, December 31 16,000 Direct manufacturing labor 18,000 Indirect manufacturing costs 40,000 Beginning inventory of finished goods, January 1 35,000 Beginning inventory of work in process, January 1 4,000 Ending inventory of finished goods, December 31 36,000 Operating costs 140,000 Ending Inventory of work in process, December 31 110,000 What was Lewisbum's cost...
Most questions answered within 3 hours.
-
Hows does water affect the digestion of fats ?
asked 26 minutes ago -
A buffer that contains 0.41 M of a base, B and 0.21 M of its
conjugate...
asked 28 minutes ago -
Pleaaaaaaaasssssse help me please please it's more important
:((((((((((((((((((((
CASE STUDY
Nissan Company
Nissan Motor Company,...
asked 32 minutes ago -
Calculate the concentration of hydronium and hyroxide ions in 1)
2.0 mol/L HNO3 2) 0.5 mol/L...
asked 57 minutes ago -
In a loop-the-loop ride a car goes around a vertical, circular
loop at a constant speed....
asked 57 minutes ago -
50 grams each of water (18.015 g/mol) and ethylene glycol
(C2H6O2) (62.07 g/mol) are mixed. At...
asked 1 hour ago -
The life expectancy of sport utility vehicles follows a normal
distribution with a mean of 145.8...
asked 1 hour ago -
If an object with mass of 5 kg is pushed with a force of 552 N,...
asked 1 hour ago -
Suppose your program already has a list called nums, which
contains several numbers. Write a for...
asked 1 hour ago -
A spherical shell with a finite thickness just barely floats in
water. If the shell is...
asked 1 hour ago -
Explain in detail whether the following is true or false:
Total factor productivity will rise only...
asked 1 hour ago -
A firm pays a $2.50 dividend at the end of year one
(D1), has a stock...
asked 1 hour ago