1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alecsey [184]
3 years ago
15

Nadell Corporation reported the following data for the month of AprilInventory Beginning Ending Raw Materials $30,000 $32,000 Wo

rk in Process $20,000 $21,000 Finished Goods $39,000 $53,000If the company transferred $234,000 of completed goods from work in process to finished goods inventory during April, what was the cost of goods sold for the month?
Business
1 answer:
jeyben [28]3 years ago
7 0

Answer:

COGS= $181,000

Explanation:

Giving the following information:

Beginning Finished Goods= $39,000

Ending Finished Goods= $53,000

Cost of goods manufactured= 234,000 - 39,000= $195,000

<u>To calculate the cost of goods sold, we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 39,000 + 195,000 - 53,000

COGS= $181,000

You might be interested in
A foreign subsidiary of a U.S.-based company has been notified of a loss contingency with an estimated cost ranging between $220
Marizza181 [45]

Answer:

The amount recognized as a provision for loss contingency is $220,000

Explanation:

According to the United States  Generally Accepted Accounting Principles (US GAAP), the provision for loss contingency should be recognized based on the estimated amount. If the range is given then we should report the lower amount or minimum amount

In the given question, two amounts are given i.e $220,000 and $250,000

So $220,000 should be reported

3 0
3 years ago
A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of th
Artist 52 [7]
<span>Suppose you have $100 in a savings account earning 2 percent interest a year. ... True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.</span>
7 0
3 years ago
What feature in project management information systems can be used to resolve overallocation of project resources?
Brilliant_brown [7]

Answer:

<em>Leveling</em>

Explanation:

Leveling, also called Resource Leveling, <em>is a project management strategy that disregards the allocation of resources and addresses possible conflicts resulting from over-allocation</em>.

Whenever a project is performed by project managers they will have to prepare their resources appropriately.

The company would profit from it without having to suffer problems and being unable to meet the deadline.

It is regarded as one of the organisation's key aspects for resource management.

3 0
3 years ago
An example of the effect of globalization on US consumers is what
Nikitich [7]

Answer:

Decreases the cost of manufacturing

Explanation:

Decreases the cost of manufacturing

5 0
1 year ago
Suppose a politician is in charge to spending public funds. he can give a contract to a company that is not the best bidder, or
r-ruslan [8.4K]

This is an example of kickbacks. This is a type of negotiated inducement in which a commission is remunerated to the bribe-taker in payment for services accomplished. In general, the payment for cash, goods, or services handed over is discussed in advance or ahead of time.

3 0
3 years ago
Other questions:
  • A firm has the following accounts and financial data for 2007:
    10·1 answer
  • Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the new year. fireworks cost
    6·2 answers
  • Making it right the first time is
    9·1 answer
  • Four months ago, you purchased 1,300 shares of lakeside bank stock for $23.32 a share. you have received dividend payments equal
    7·1 answer
  • Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled,
    7·1 answer
  • An interior decorator has moved his business from Los Angeles to St. Paul, Minnesota, because his spouse's company transferred h
    10·1 answer
  • A supplier to Ford stamps out parts using a press. Changing a part type requires the supplier to change the die on the press. Th
    7·1 answer
  • What kind of advertisements would a company be unable to measure with standardized
    7·1 answer
  • One year ago, you invested $3,250.00. Today, it is worth $4,000.00. What rate of interest did you earn
    12·1 answer
  • Which financial statement summarizes a business’s incomes and expenses?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!