Unadjusted cost of goods sold = Cost of goods manufactured - Increase in inventory
= $170,000 - $6,400
= $163,600
If the finished goods inventory balance increased by $6,400 during the period and the cost of...
If the finished goods inventory balance increased by $6,400 during the period and the cost of goods manufactured is $170,000, then what is the unadjusted cost of goods sold?
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
Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $345,000 83,500 72,300 918,700 283,600 points eBook Hint Print Cost of Goods Sold is Computed as: $ 345,000 Finished goods inventory, beginning References 345,000 $ 345,000 Cost of goods sold
Luker Corporation uses a process costing system. The company had $175,500 of beginning Finished Goods Inventory on October 1. It transferred in $852,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $173,200 The entry to account for the cost of goods manufactured during October is Ο Debit Cost of Goods Sold $852,000; credit Finished Goods Inventory $852,000. Ο Debit Cost of Goods Sold $854,300, credit Work in Process Inventory $854,300. Ο Debit...
Compute cost of goods sold using the following information: $ Finished goods inventory, beginning Cost of goods manufactured Finished goods inventory, ending 800 4,200 1,150 Cost of Goods Sold is Computed as: Cost of goods sold $ 0 Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $ 370,000 85,000 74,100 961,300 298,000 Cost of...
Gurtner Corporation has provided the following data concerning last month's operations. Cost of goods manufactured Underapplied overhead $170,000 $ 4,000 Finished goods inventory Beginning Ending $ 33,000 $40,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold? Multiple Choice $170,000 $167,000 $163,000 $203.000
in the work in process inventory balance decreased by $4,400 during the period and the total manufacturing costs added to production are $200,000, then what is the cost of goods manufactured? Multiple Choice $997.800 o $495.600 5202.200 5204400
Luker Corporation uses a process costing system. The company had $162,500 of beginning Finished Goods Inventory on October 1. Luker completed and transferred to finished goods a total of $839,000. The ending Finished Goods Inventory balance on October 31 was $160,200. The entry to account for the cost of goods manufactured during October is: Multiple Choice Debit Finished Goods Inventory $839,000; credit Work in Process Inventory $839,000. Debit Finished Goods Inventory $160,200; credit Cost of Goods Sold $160,200. Debit Cost...
In the Schedule of Cost of Goods Sold, Unadjusted cost of goods sold - Beginning finished goods inventory Cost of goods manufactured - Ending finished goods inventory True or False False True
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...