4 Cost of got ld-atatoment. The following data are provided by hé conlroller ofFonsacola Cofporatlon:CAsh.Accounts. rocelyáble..Inventories:$ 240,000348,000..........il.................................p..............Flnished goods.Work In procese.Materlals.Maldrial piurchaopdii.. i.January 1$64,200,29,80088,000December 31$88,00030,80064,000ti.......366,0008,000488,400344,200Fiatory.overha KOxetuding depreciatiori).Mirkelna, indinobirAlve.xpiņaan(axoludina dgpreciatlon) .biprecia flon (0mandatuhoi, 10% markeling,and, adminia.............. .116,0001,844,000523,6000,800Salos...Direct labor:eFrelght on materjah purchaed....in....it...84,00018,000.........****Rantal'Inicome.....Interast on. bondeipayaple ................'.(CGAAC adapted)Hoquired: Prepare a cost of goode sold statement:

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Description: 4 Cost of got ld-atatoment. The following data are provided by hé conlroller ofFonsacola Cofporatlon:CAsh.Accounts. rocelyáble..Inventories:$ 240,000348,000..........il.................................p..............Flnished goods.Work In procese.Ma

Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This…

Business

Accounting

4 Cost of yoth elatatoment. The following data are provided by Thé conlroller of Ponisacola Cofporatlon: Cash. Accounts. recewábl. Inventories: $ 240,000 348,000 ..........tl.... ....... リd… ............................... January 1 $64,200, Dećember 31 $88,000 30,800 84,000 Finished goodt.. Work In proced4.. Materials. Maldrial purchaapdi. . Salba. dincountiAndeli.l.i . hi.i Fatory.ovarha Koxctuding depreciation)..i i Mirkelinindminairalye.xpánaa(axalyding dapreciation).. bepracia tlon ON. ..................l. 29,800 88,000 ....... 366,000 8,000 468,400 344,200 .............. .................. i.......... Liatuphoi, 10% markáling,and eminis: . Snles.. Direct labor: Froight on materjala purchaed...i . ... . 118,000 1,844,000 523,600 0,800 84,000 ......... ........... .......... Rental'Inicome .. Interost on. bonde payablesi. . e ......... • 19,000 ........... ibk .... (CGAAC adapted) ....

4 Cost of yoth elatatoment. The following data are provided by Thé conlroller of Ponisacola Cofporatlon: Cash. Accounts. recewábl. Inventories: $ 240,000 348,000 ..........tl.... ....... リd… ............................... January 1 $64,200, Dećember 31 $88,000 30,800 84,000 Finished goodt.. Work In proced4.. Materials. Maldrial purchaapdi. . Salba. dincountiAndeli.l.i . hi.i Fatory.ovarha Koxctuding depreciation)..i i Mirkelinindminairalye.xpánaa(axalyding dapreciation).. bepracia tlon ON. ..................l. 29,800 88,000 ....... 366,000 8,000 468,400 344,200 .............. .................. i.......... Liatuphoi, 10% markáling,and eminis: . Snles.. Direct labor: Froight on materjala purchaed...i . ... . 118,000 1,844,000 523,600 0,800 84,000 ......... ........... .......... Rental'Inicome .. Interost on. bonde payablesi. . e ......... • 19,000 ........... ibk .... (CGAAC adapted) ....

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 2.6P: Financial statements Alpine Realty. Inc., organized July 1. 20Y8, is operated by Angela Griffin. How...

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