Homework Answers
Requirement 1(Question 1):-
| Particulars | Amount |
| Beginning Finished goods inventory | 340,000 |
| Add:- Cost of goods manufactured | 932,800 |
| Cost of goods available for sale | 1,272,800 |
| Less:- | |
| Ending finished goods inventory | (304,000) |
| Cost of goods sold | 968,800 |
Based on the above calculation, the cost of goods sold is $968,800.
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Hi, I need help with my assignment please... Thank you Exercise 1-11 Cost of goods sold...
Hi, I need help with my assignment please...
Thank you
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Hi, I need help with my assignment please...
Thank you
Exercise 1-11 Cost of goods sold computation LO P1 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Unimart Precision Manufacturing $322,000 $ 644,000 490,000 820,000 222,000 216,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2018 Merchandising Business: UNIMART Partial Income Statement For Year Ended December 31, 2015 Cost of goods sold:...
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Exercise 14-11 Cost of goods sold computation LO P1 Precision Manufacturing Unimart $156,000 $312,000 530,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 920,000 56,000 50,000 Compute cost of goods sold for each of these two companies for the year. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year in Merchandising Business. UNIMART Computation of Cost...
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