The question seems incomplete but assuming the cost of good sold needs to be calculated, the following calculation needs to be done:
Cost of goods sold=Beg. inventory+purchases-Ending inventory
Cost of goods sold=65000+381000-Ending inventory
blossom company sold goods with a total selling price of 801,000 during the year. it purchased...
Sunland Company sold goods with a total selling price of $802,800 during the year. It purchased goods for $381,400 and had beginning inventory of $67,400. A count of its ending inventory determined that goods on hand was $60,600. What was its cost of goods sold? Cost of goods sold $
Brief Exercise 5-10 Tamarisk, Inc. sold goods with a total selling price of $803,000 during the year. It purchased goods for $398,200 and had beginning inventory of $65,000. A count of its ending inventory determined that goods on hand was $59,700. What was its cost of goods sold? Cost of goods sold
Pina Colada Corp. sold goods with a total selling price of $806,500 during the year. It purchased goods for $400,400 and had beginning inventory of $69,600. A count of its ending inventory determined that goods on hand was $60,300. What was its cost of goods sold? Cost of goods sold $
Brief Exercise 5-8 Pharoah Company sold goods with a total selling price of $802,400 during the year. It purchased goods for $386,800 and had beginning inventory of $74,100. A count of its ending inventory determined that goods on hand was $59,400. What was its cost of goods sold? Cost of goods sold Click if you would like to Show Work for this question: Open Show Work
Brief Exercise 5-10 Cheyenne Corp. sold goods with a total selling price of $809,500 during the year. It purchased goods for $394,100 and had beginning inventory of $68,300. A count of its ending inventory determined that goods on hand was $54,600. What was its cost of goods sold? Cost of goods sold Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
urrent Attempt in Progress Your answer is incorrect. Bramble Corp.sold goods with a total selling price of $801.900 during the year. It purchased goods for $391.400 and had beginning inventory of $71,100. A count of its ending inventory determined that goods on hand was $60,000. What was its cost of goods sold? Cost of goods sold $ e Textbook and Media Attempts: 1 of 10 used Submit Answer Save for Later Attempte: 1 of 20 un Send to Gradebook Type...
A company reported cost of goods sold of $1,520,000 for the year. During the year, inventory decreased from a $92,000 beginning balance to a $75,000 ending balance, and accounts payable decreased from a $48,000 beginning balance to a $38,000 ending balance. How much is the cash paid for merchandise purchased during the year? $1,547,000 $1,503,000 $1,527,000 $1,513,000
In the past year, Pembina Company had total revenue of $2,540,000, cost of goods sold of $1,016,000 (before adjustment for over- or underapplied overhead), administrative expenses of $590,000, and selling expenses of $360,000. During the year, overhead was applied using a predetermined rate of 62 percent of direct labor cost. Actual direct labor was $640,000. Actual overhead was $318,800. The ending balances in the inventory accounts (prior to adjustment for overapplied overhead) are: Raw Materials Inventory $33,000 Work in Process...
Cost of Goods Sold Curl Company completed 240,000 units during the year at a cost of $1,920,000. The beginning finished goods inventory was 24,000 units at $120,000. Determine the cost of goods sold for 163,000 units, assuming a FIFO cost flow.
Cost of Goods Sold Shaquille Corporation began the current year with inventory of $40,000. During the year, its purchases totaled $120,000. Shaquille paid freight charges of $8,000 for these purchases. At the end of the year, Shaquille had inventory of $49,000. Prepare a schedule to determine Shaquille's cost of goods sold for the current year. SHAQUILLE CORPORATION Schedule for Cost of Goods Sold For the Year Ended December 31, Current Year Beginning inventory $ $ $ $