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
Ivenika [448]
3 years ago
13

Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning $ 376,000 Work in

process inventory, beginning 86,000 Work in process inventory, ending 76,200 Cost of goods manufactured 949,900 Finished goods inventory, ending 286,000
Business
1 answer:
pogonyaev3 years ago
4 0

Answer:

COGS= $1,039,000

Explanation:

Giving the following information:

Finished goods inventory, beginning $ 376,000

Cost of goods manufactured 949,900

Finished goods inventory, ending 286,000

To calculate the cost of goods sold (COGS), we need to use the following formula:

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

COGS= 376,000 + 949,900 - 286,000

COGS= $1,039,000

You might be interested in
Under the weighted-average method, the cost of units transferred out of a department is computed as follows for a cost category:
Roman55 [17]

Answer:

B. Units transferred to the next department × Cost per equivalent unit

Explanation:

Cost per equivalent unit refers to the cost of each completed unit possible.

As there is not only the units which are complete, but newly introduced and those in work in progress, and therefore, the cost of each equivalent unit is calculated so that it computes the cost for each unit.

Accordingly, all the units which are completed and transferred to another department are complete and the equivalent cost of completion of each unit shall be allocated to those units.

Therefore, correct option is:

Option B.

5 0
3 years ago
Ihi ta 101 from the viewpoint of the world health organization, “health” is defined as:
Lyrx [107]
According to the World Health Organization (WHO), health is defined as a state of complete mental, physical, and social well-being. Being healthy is not simply the absence of disease or infirmity according to his organization. Being free from diseases is not enough to call yourself healthy, you have to be mentally healthy, physically healthy, and socially healthy.<span> </span>
4 0
3 years ago
Financial Institutions are described as having an asset transformation function. Explain this function and describe how a bank t
anyanavicka [17]

Answer:

In simple words, Asset transformation can be understood as the process of turning small denominational, instantly available, and generally riskless deposit accounts into lenders moderately risky, high denomination assets that are returned according to a specified schedule–from obligations (deposits) with distinct traits.

4 0
3 years ago
Suppose bundle a contains 5 cds and 5 dvds and bundle b contains 88 cds and 33 dvds. if a consumer is able to rank different com
Fofino [41]
<span>If a consumer was asked to rank different combinations of goods and services terms of how much utility they provide, then a bundle with a total of 112 cds and dvds would rank higher than a bundle with a total of 10 cds and dvds, if based on total of goods only. This does not take into account the contents of the media.</span>
5 0
3 years ago
The name for computations that allow you to determine how much money to deposit now to earn a desired amount in the future is
nydimaria [60]

Answer:

Future value

Explanation:

The name for computation that allows you to determine how much money to deposit now to earn a desired amount in the future is "Future value." Future value is the equivalent of an asset at a particular date. It estimates specific nominal future sum of cash that an invested sum of money is "worth" at a stipulated period in the future considering a specific interest rate, or more commonly, rate of interest; it is the immediate price multiplied by the aggregation function.

5 0
3 years ago
Other questions:
  • What happens if Jeff refuses to pay the equilibrium wage for coffee shop employees?
    6·2 answers
  • Suppose that you have the option to buy the car with a 3 year car loan or lease the car during the same period of time. The 3 ye
    7·1 answer
  • Cavy Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the bas
    10·1 answer
  • Identify which of the arguments for restricting trade that each of the following rebuttals directs against. Rebuttals The Jobs A
    5·1 answer
  • Ntercon is an Internet-based company that provides online support services for businesses that need help in setting up and maint
    15·1 answer
  • Malik is employed by an architecture firm. Malik most likely works in
    13·2 answers
  • 1. Jovanna has determined that she wouldn't want to be a nurse because she really doesn't like the sight of blood and she tends
    13·2 answers
  • Sarah's optimism is both a contributor to and a product of her successful career accomplishments. This best illustrates self-ser
    15·1 answer
  • Butler Automotive developed a new diagnostic testing procedure that is expected to increase sales by $10,000 per month. As more
    12·1 answer
  • Which of the following statement best describes about quantitative research method.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!