Challenge Tennis & Recreation's operating activities for the year are listed below.
Purchases |
$174 comma 500174,500 |
Operating expenses |
62 comma 70062,700 |
Beginning inventory |
27 comma 80027,800 |
Ending inventory |
37 comma 40037,400 |
Sales revenue |
333 comma 500333,500 |
What is the cost of goods sold for the year?
1 | ||
Beginning inventory | 27800 | |
Add: Purchases | 174500 | |
Less: Ending inventory | -37400 | |
Cost of goods sold for the year | 164900 | |
2 | ||
Beginning inventory | 1000500 | |
Add: Purchases | 750700 | |
Less: Ending inventory | -350300 | |
Cost of goods sold for the year | 1400900 | |
Option A $1,400,900 is correct | ||
3 | ||
Beginning inventory | 27800 | |
Add: Purchases | 174500 | |
Less: Ending inventory | -37400 | |
Cost of goods sold for the year | 164900 | |
Option C $164,900 is correct | ||
4 | ||
Work in process beginning | 0 | |
Add: Current manufacturing costs | 427700 | =110200+132000+185500 |
Total manufacturing costs to account for | 427700 | |
Option C $427,700 is correct | ||
5 | ||
Finished goods inventory,beginning | 0 | |
Cost of goods manufactured | 455200 | |
Less: Finished goods inventory,ending | -90400 | |
Cost of goods sold | 364800 | |
Option A $364,800 is correct | ||
6 | ||
Beginning inventory | 33100 | |
Add: Purchases | 92700 | |
Less: Ending inventory | -35500 | |
Cost of goods sold | 90300 | |
Option A $90,300 is correct | ||
7 | ||
Beginning raw materials inventory | 220 | |
Add: Purchases of direct materials | 500 | |
Less: Ending raw materials inventory | -200 | |
Cost of direct materials used | 520 | |
Option C $520 is correct |
Challenge Tennis & Recreation's operating activities for the year are listed below. Purchases $174 comma 500...
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $4,300 $480 $520 $620 $730 $210 $220 $420 $490 $310 $200 What was the cost of direct materials used? O A. $690 OB. $480 OC. $470 OD. $430 Click to select your answer
Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted). Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $5,000 S450 $540 S630 $690 $200 S190 $400 $430 $290 $270 What was cost of goods sold? OA. OB. OC. OD. $1,650 $890 $1,620 $1,580
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $5,000 $490 $450 $660 $720 $250 S260 $410 $460 S280 $200 What was operating income? O A. $2,900 O B. $5,000 O c. $2,660 O D. $4,280
Tutty Fruity Beverage Company's operating activities for the year are listed below. Purchases $140,000 operating expenses 80,600 beginning inventory 12,400 ending inventory 18,800 sales revenue 300,900 what is the cost of goods sold for the year? A. $140,100 B. $133,700 C. $152,500 D. $80,600
anti 3 of 29 (2 co This Question: 1 pt Ashville Lumber's operating activities for the year are listed below. Beginning inventory Ending inventory Purchases Sales revenue Operating expenses $1,000,000 $350,000 $750,100 $1,500,700 $700.700 What is the cost of goods sold for the year? 3 O A. $49,400 OB. $750.600 O C. $1,750,100 O D. $1,400.100 гу es Tools Click to select your answer.
22. Question 22 Chicago Steel's operating activities for the year are listed below. Beginning inventory Ending inventory Purchases Sales revenue Operating expenses $1,000,000 $350,000 $750,000 $1,500,000 $700,000 What is the cost of goods available for sale? O $50,000 $1,400,000 0 $1,750,000 0 $750,000
Sales $1,980 Selling expenses 350 Manufacturing overhead 460 Direct labor 400 Administrative expenses 500 Purchases of Direct materials 460 Finished goods inventory, beginning 240 Finished goods inventory, ending 320 Direct materials inventory, beginning 200 Direct materials inventory, ending 140 Work in process inventory, beginning 140 Work in process inventory, ending 100 What was the cost of the direct materials used in production during the year? Question 16 options: $660 $700 $340 $520
Suppose a bakery reports this information: E (Click the icon to view the information.) What is the cost of direct materials used? O A. $101,000 - X Data Table B. $102,000 OC. $103,000 OD. $111,000 $ 5,000 4,000 Beginning Direct Materials Ending Direct Materials Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Direct Labor 4,000 3,000 2,000 4,000 Click to select your answer and then click 31,000 102,000 Purchases of Direct Materials All parts...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of materials 51,000 Available for use 77,000 (26,000) Ending raw materials inventory Direct materials used Direct labor 49,000 costs 173,000 Manufacturing overhead Total manufacturing incurred during the month Total manufacturing to account for Less: Ending work in process inventory Cost of goods manufactured costs (21,000) Elly Manufacturing Company Income Statement Month Ended June 30 Sales revenue Cost of goods sold: Beginning finished goods inventory Cost...
26. USLIUI 2 2 pts Tuity Fruity Beverage Company's operating activities for the year are listed below. Purchases Operating expenses Beginning inventory Ending inventory Sales revenue $140,000 80,000 12,000 18,000 300,000 What is the cost of goods sold for the year? O $134,000 O $152,000 O $80,000 $140,000 o