If Sales revenue is SR 26,000, beginning finished goods inventory is SR 8,000, ending finished goods inventory is SR13,500, and cost of goods manufactured is SR15,600, find out cost of goods sold SR 15,600 .A O SR 29,100 .B SR 23,600 .C SR 10,100 .D

If Sales revenue is SR 26,000, beginning finished goods inventory is SR 8,000, ending finished goods inventory is SR13,500, and cost of goods manufactured is SR15,600, find out cost of goods sold SR 15,600 .A O SR 29,100 .B SR 23,600 .C SR 10,100 .D

Name: If Sales revenue is SR 26,000, beginning finished goods inventory is
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: If Sales revenue is SR 26,000, beginning finished goods inventory is SR 8,000, ending finished goods inventory is.SR13,500, and cost of goods manufactured is SR15,600, find out cost of goods soldSR 15,600A OSR 29,100.BSR 23,600.CSR 10,100.D

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 13MC: There were 1,000 units in ending inventory after transferring 16,000 units to finished goods...

See similar textbooks

Similar questions

What are the total costs to account for if a companys beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?
The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000
Banwood Company has the following information for 20x1: There were no beginning inventories. What is the ending inventory for Banwood using the absorption costing method? a. 300,000 b. 180,000 c. 120,000 d. 80,000
Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is 42,500, and ending inventory of finished goods is expected to be 34,000. Required: 1. Prepare a statement of cost of goods sold in good form. 2. What if the beginning inventory of finished goods decreased by 5,000? What would be the effect on the cost of goods sold?
Thebes Company had the following information: What is the markup based on cost of goods sold? a. 50.0% b. 100.0% c. 37.5% d. 62.5%
There were 1,000 units in ending inventory after transferring 16,000 units to finished goods inventory. If the beginning inventory was 2,000 units, how many units were started in process? A. 1.000 B. 2,000 C. 15,000 D. 17,000
Cost of Goods Manufactured, Income Statement W. W. Phillips Company produced 4,000 leather recliners during the year. These recliners sell for 400 each. Phillips had 500 recliners in finished goods inventory at the beginning of the year. At the end of the year, there were 700 recliners in finished goods inventory. Phillips accounting records provide the following information: Required: 1. Prepare a statement of cost of goods manufactured. 2. Compute the average cost of producing one unit of product in the year. 3. Prepare an income statement for external users.
Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. a.Determine the total manufacturing costs and the cost amount per unit for the production and sale of 200,000 units. b.Determine the product cost markup percentage per unit. Round to two decimal place. c.Determine the selling price per unit. Round to the nearest dollar.
The following three identical units of Item BZ1810 are purchased during November: Assume that one unit is sold on November 30 for 90. Determine the gross profit for November and ending inventory on November 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost methods.
If Sales revenue is SR 26,000, beginning finished goods inventory is SR 8,000, ending finished goods inventory is SR13,500, and cost of goods manufactured is SR15,600, find out cost of goods sold
May Company has ending finished goods inventory of P40,000.00, beginning finished goods inventory P55,000.00 and cost of goods manufactured of P120,000.00. What is the cost of goods sold of May Company?
If the cost of goods sold is $100,000 and the ending finished goods inventory is$30,000 higher than the beginning finished goods inventory, what must be the amountof the cost of goods manufactured?a. $30,000b. $100,000c. $130,000d. $70,000