ADVANCED ACCOUNT CONNECT +PROCTORIO
14th Edition
ISBN: 9781266179082
Author: Hoyle
Publisher: MCG
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Textbook Question
Chapter 5, Problem 12P
What is the total of consolidated cost of goods sold?
- a. $140,000
- b. $152,000
- c. $132,000
- d. $145,000
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Students have asked these similar questions
How much is the sales of branch to be included in the combined financial statements?
a. 2,333,333
b. 2,800,000
c. 2,240,000
d. 0
How much is the cost of goods sold of the branch to be included in the combined financial statements?
a. 1,800,000
b. 900,000
c. 1,200,000
d. 1,500,000
What is the cost of goods sold?
O A. $751,700
OB. $364,500
O C. $455,400
O D. $520,600
What is the gross profit for the year if the net revenue from by-product is treated as additional sales revenue?
b. P1,230,000
c. P1,218,000
d. P1,118,000
a. P1,200,000
What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold?
d. P118,000
b. P230,000
a. P200,000
c. P218,000
Chapter 5 Solutions
ADVANCED ACCOUNT CONNECT +PROCTORIO
Ch. 5 - Prob. 1QCh. 5 - Prob. 2QCh. 5 - Prob. 3QCh. 5 - Prob. 4QCh. 5 - James, Inc., sells inventory to Matthews Company,...Ch. 5 - Prob. 6QCh. 5 - Prob. 7QCh. 5 - Prob. 8QCh. 5 - Prob. 9QCh. 5 - Prob. 10Q
Ch. 5 - Prob. 11QCh. 5 - Prob. 12QCh. 5 - Prob. 13QCh. 5 - Prob. 1PCh. 5 - Prob. 2PCh. 5 - Prob. 3PCh. 5 - Prob. 4PCh. 5 - Prob. 5PCh. 5 - Prob. 6PCh. 5 - Prob. 8PCh. 5 - Prob. 11PCh. 5 - What is the total of consolidated cost of goods...Ch. 5 - Prob. 13PCh. 5 - Prob. 14PCh. 5 - Prob. 15PCh. 5 - What is the consolidated total for inventory at...
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- How much is the cost of goods sold of the branch to be included in thecombined financial statements? A. 900,000B. 1,500,000C. 1,200,000D. 1,800,000arrow_forwardWhat is the total cost of the purchases? a. P1,425,000 b. P1,550,000 c. P1,675,000 d. P1,625,000arrow_forwardWhat is the cost of goods sold? 5,387,500 5,375,000 5,344,300 5,331,900arrow_forward
- How much is the total cost of inventories purchased? A. 989,000 B. 1,006,000 C. 954,000 D. 826,000arrow_forwardIf cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.arrow_forwardO Given Gross Margin of $212,000, Cost of Goods Sold of $544,000, Sales of $756,000 and net income of $65,000 what is Selling, General and Administrative expense 8$147.000 6. $132,000 c. $156,000 d. $488,000 e. $212,000arrow_forward
- How much are Sales if Cost of Sales is $46,500, Cost of Labor is $33,247, the fixed costs are $65,883, and the profit is $2,129? Select one: a. $147,750 b. $158,759 c. $145,630 d. $147,759arrow_forwardHoldaway's cost of goods sold for the year isa. 257,000 b. 260,500 c. 261,000 d. 269,500arrow_forwardCalculate the cost of goods sold when beginning finished goods inventory equals $70,000, ending finished goods inventory is $85,000, and cost of goods manufactured is $600,000. a. $615,000 b. $445,000 c. $685,000 d. $585,000arrow_forward
- Holdaway's cost of Goods sold is a. 257,000 b. 270,500 c. 261,000 d. 269,500arrow_forwardWhat is the cost of goods manufactured for the year? 1 247,000 2 252,000 3 506,000 4 500,000arrow_forwardWhat is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? Group of answer choices d. P118,000 b. P230,000 a. P200,000 c. P218,000arrow_forward
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