Correct answer------------$48,100
Working
Ending finished goods inventory | $ 10,000 |
Unadjusted cost of goods sold | $ 48,000 |
Cost of goods available for sale | $ 58,000 |
Less: Beginning finished goods inventory | $ 9,900 |
Cost of goods manufactured | $ 48,100 |
ssume the following: Beginning finished goods inventory Ending finished goods inventory Unadjusted cost of goods sold...
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
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...
In a Schedule of Cost of Goods Sold, unadjusted cost of goods sold equals: a. beginning finished goods + cost of goods manufactured – ending finished goods. b. beginning finished goods + work in process – ending finished goods. c. sales + cost of goods manufactured – ending finished goods. d. beginning work in process + total manufacturing costs – ending work in process.
Cost of goods sold equals beginning finished goods inventory, plus cost of goods manufactured, less ending finished goods inventory. True or False
Knowledge Check 01 Assume that Speedboat Company has beginning finished goods inventory of $10,000; ending finished goods inventory of $150,000; goods available for sale of $210,000; and cost of goods manufactured of $200,000. What is its cost of goods sold? $20,000 $50,000 $60,000 $370,000 $340,000
Compute cost of goods sold using the following information: Finished goods inventory, beginning Cost of goods manufactured Finished goods inventory, ending 780 4,320 1,200 Cost of Goods Sold is Computed as: Cost of goods sold
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
2 Compute cost of goods sold using the following information: 12.5 points Finished goods inventory, beginning Cost of goods manufactured Finished goods inventory, ending 960 6,600 1,150 eBook Cost of Goods Sold is Computed as: References Cost of goods sold 2 Compute cost of goods sold using the following information: 12.5 points Finished goods inventory, beginning Cost of goods manufactured Finished goods inventory, ending $ 960 6,680 1,150 eBook Cost of Goods Sold is Computed as: References Beginning finished goods...
Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 880 Cost of goods manufactured 6,320 Finished goods inventory, ending 1,150
Compute cost of goods sold using the following information: Finished goods inventory, beginning Cost of goods manufactured Finished goods inventory, anding $ 500 4.720 1,450 Cost of goods sold $