Avoldable Expenses Unavoldable Expenses Cost of goods sold.... Direct expenses ... $56,000 9,250 $1,250 Indirect expenses 470 1,600 Service department costs. 6,000 1,430
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A guitar manufacturer is considering eliminating its Electric Guitar division because its $76,000 expenses are higher than its $72,000 sales. The company reports the following expenses for this division. Should the division be eliminated?
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- Related data Scott Summers Company: Sales P4,150,200 Cost of goods manufactured 3,153,500 Ending finished goods inventory 189,700 Administrative and selling expenses 387,600 Income from operation 675,200 How much is the beginning finished goods inventory?Corona Company incurred the following costs: Materials P 700,000Storage costs of finished goods 180,000Delivery to customers 40,000Irrevocable Purchase Taxes 60,000 What amount should the inventory be measured?a. 880,000b. 760,000c. 980,000d. 940,000How do I find costs of goods sold and operating expenses with the following information? Net Income (Net Loss) 70,000 Sales 890,000 Gross Profit 465,000
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