If the beginning finished goods -9inventory 90 000 ID, ending finishedgoods inventory 65 000 ID,overhead expenses 18 000 ID ,cost ofgoods manufacturing 431 00O ID ,the-: cost of goods sold is654 000 ID. O546 000 ID. O456 000 ID .00 OIf the sales revenue 830 000 ID, - 10sales returns 12 000 ID , salesallowance and discount 28 000 ID-: ,the net sales is

Name: If the beginning finished goods -9inventory 90 000 ID, ending finishe
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: If the beginning finished goods -9inventory 90 000 ID, ending finishedgoods inventory 65 000 ID,overhead expenses 18 000 ID ,cost ofgoods manufacturing 431 00O ID ,the-: cost of goods sold is654 000 ID. O546 000 ID. O456 000 ID .00 OIf the sales rev

Cost of goods sold:-It is the cost of producing goods which involve all direct cost whether fixed or…

Business

Accounting

If the beginning finished goods -9 inventory 90 00O ID, ending finished goods inventory 65 000 ID, overhead expenses 18 000 ID ,cost of goods manufacturing 431 000 ID ,the -: cost of goods sold is 654 000 ID. 546 000 ID. 456 000 ID .00 O If the sales revenue 830 000 ID , - 10 sales returns 12 000 ID , sales allowance and discount 28 000 ID -: ,the net sales is

If the beginning finished goods -9 inventory 90 00O ID, ending finished goods inventory 65 000 ID, overhead expenses 18 000 ID ,cost of goods manufacturing 431 000 ID ,the -: cost of goods sold is 654 000 ID. 546 000 ID. 456 000 ID .00 O If the sales revenue 830 000 ID , - 10 sales returns 12 000 ID , sales allowance and discount 28 000 ID -: ,the net sales is

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

Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the rate of 100% of the direct labor cost. What is the value of the Inventory transferred to the next department if beginning inventory was 2,000 units; 9,000 units were started; and 1.000 units were in ending inventory? A. $1,000 B. $13,000 C. $130.000 D. $20.000
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
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
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)?
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? P 105,000.00 P 135,000.00 P 140,000.00 P 120,000.00
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?
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?
Accounting Chosen totals and balances of accounts are as follows (in USD): Expenses by nature 350 000 Expenses accounted for ……… Direct costs of production 280 000 Administrative expenses 30 000 Distribution expenses 40 000 Finished goods (350 items at 38 USD each) 13 300 During one month company produced 5 000 items of finished goods. The cost per unit was 42 USD. Company sold 5 300 items at 55 USD each, VAT 23%. Sold goods were delivered to the customers. Prepare all suitable entries and calculate profit and loss by nature. Measure inventory flows base on LiFo method. Check and explain variation in stocks. Prepare income statement by function.
Unimart PrecisionManufacturing Beginning inventory Merchandise $ 275,000 Finished goods $ 450,000 Cost of purchases 500,000 Cost of goods manufactured 900,000 Ending inventory Merchandise 115,000 Finished goods 375,000 Compute cost of goods sold for each of these two companies for the year. UNIMART Computation of Cost of Goods Sold Cost of goods sold Goods available for sale Cost of goods sold $0
Ruby Beauty Cosmetic Finished goods inventory Details, ending P20,000.00, cost of goods manufactured P230,000.00, and beginning finished goods inventory P11,000.00. How much is the cost of goods sold
Sarah furniture Materials inventory Details, beginning P80,000.00, Purchases P55,000.00, Freight In P5,000.00, Freight out P2,000.00, Purchase discount P1,000.00 and Ending Materials inventory ending P38,000.00. How much is the material used in the production?
the net sales 159 150 ID , beginning finished goods inventory 16 500 ID ,Cost of goods manufactured 121 050 ID , ending finished goods inventory 9000 ID , the gross profit are