Cost of goods manufactured equals $85000 for 2017. Finished goods inventory is $2000 at the beginning...
Cost of goods manufactured equals $85000 for 2017. Finished goods inventory is $2000 at the beginning of the year and $5500 at the end of the year. Beginning and ending work in process for 2017 are $4000 and $5000, respectively. How much is cost of goods sold for the year?
Homework Answers
cost of goods sold=Beginning Finished goods inventory+Cost of goods manufactured-Ending Finished goods inventory
=(2000+85000-5500)
which is equal to
=$81500.
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Cost of goods manufactured equals $85000 for 2017. Finished
goods inventory is $2000 at the beginning...
Cost of goods manufactured equals $75000 for 2019. Finished goods inventory is $2000 at the beginning...
Cost of goods manufactured equals $75000 for 2019. Finished goods inventory is $2000 at the beginning of the year and $5500 at the end of the year. Beginning and ending work in process for 2019 are $4000 and $5000, respectively. How much is cost of goods sold for the year? $77500 $71500 $78500 $73000 Save for Later Attempts: 0 of 1 used Submit Answer
Marigold Corp.reported the following year-end information: beginning work in process inventory, $85000; cost of goods manufactured,...
Marigold Corp.reported the following year-end information: beginning work in process inventory, $85000; cost of goods manufactured, $790000; beginning finished goods inventory, $55000; ending work in process inventory, $75000; and ending finished goods inventory, $45000. How much is Marigold's cost of goods sold for the year? $810000 $800000 $790000 $780000
Cost of goods sold equals beginning finished goods inventory, plus cost of goods manufactured, less ending...
Cost of goods sold equals beginning finished goods inventory, plus cost of goods manufactured, less ending finished goods inventory. True or False
how much is cost of the goods sold for the year? View Policies -11 E Current...
how much is cost of the goods sold for the year?
View Policies -11 E Current Attempt in Progress Cost of goods manufactured equals $90000 for 2019. Finished goods inventory is $3000 at the beginning of the year and $4500 at the end of the year. Beginning and ending work in process for 2019 are $3000 and $4000, respectively. How much is cost of goods sold for the year? $91500 $87000 $90500 $88500 mun fort
In a Schedule of Cost of Goods Sold, unadjusted cost of goods sold equals: a. beginning...
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.
Compute cost of goods sold using the following information: $ Finished goods inventory, beginning Cost of...
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...
For 2020, Bramble Company has cost of goods manufactured of $500400, beginning finished goods inventory of...
For 2020, Bramble Company has cost of goods manufactured of
$500400, beginning finished goods inventory of $25700, and ending
finished goods inventory of $20800. How much is cost of goods
sold?
$505300
$495500
$546900
$453900
For 2020, Bramble Company has cost of goods manufactured of $500400, beginning finished goods inventory of...
For 2020, Bramble Company has cost of goods manufactured of
$500400, beginning finished goods inventory of $25700, and ending
finished goods inventory of $20800. How much is cost of goods
sold?
$505300
$495500
$546900
$453900
Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning...
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
Use the following data to determine the cost of goods manufactured: Beginning finished goods inventory $...
Use the following data to determine the cost of goods manufactured: Beginning finished goods inventory $ 12,700 Direct labor used 32,500 Beginning work in process inventory 9,100 General and administrative expenses 15,400 Direct materials used 42,400 Ending work in process inventory 10,900 Indirect labor 8,200 Ending finished goods inventory 11,400 Indirect materials 15,400 Depreciation—factory equipment 9,400
Cost of goods manufactured equals $75000 for 2019. Finished goods inventory is $2000 at the beginning of the year and $5500 at the end of the year. Beginning and ending work in process for 2019 are $4000 and $5000, respectively. How much is cost of goods sold for the year? $77500 $71500 $78500 $73000 Save for Later Attempts: 0 of 1 used Submit Answer
Marigold Corp.reported the following year-end information: beginning work in process inventory, $85000; cost of goods manufactured, $790000; beginning finished goods inventory, $55000; ending work in process inventory, $75000; and ending finished goods inventory, $45000. How much is Marigold's cost of goods sold for the year? $810000 $800000 $790000 $780000
how much is cost of the goods sold for the year?
View Policies -11 E Current Attempt in Progress Cost of goods manufactured equals $90000 for 2019. Finished goods inventory is $3000 at the beginning of the year and $4500 at the end of the year. Beginning and ending work in process for 2019 are $3000 and $4000, respectively. How much is cost of goods sold for the year? $91500 $87000 $90500 $88500 mun fort
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...
For 2020, Bramble Company has cost of goods manufactured of
$500400, beginning finished goods inventory of $25700, and ending
finished goods inventory of $20800. How much is cost of goods
sold?
$505300
$495500
$546900
$453900
For 2020, Bramble Company has cost of goods manufactured of
$500400, beginning finished goods inventory of $25700, and ending
finished goods inventory of $20800. How much is cost of goods
sold?
$505300
$495500
$546900
$453900
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
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