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3 years ago

Franklin Manufacturing provided the following information for the month ended Marchâ 31:

Business

1 answer:

Alexxx [7]3 years ago

4 0

Answer:

a. Cost of Goods Sold (COGS) amounts to $21,100

Explanation:

Computing the Cost of Goods Available for Sale as:

Cost of Goods Available for Sale = Beginning Finished Goods Inventory + Cost of Goods Manufactured

where

Cost of Goods Manufactured is $18,600

Beginning Finished Goods Inventory is $15,000

So, putting the values above:

Cost of Goods Available for Sale = $18,600 + $15,000

Cost of Goods Available for Sale = $33,600

Computing the COGS (Cost of Goods Sold) as:

Cost of Goods Sold (COGS) = Cost of Goods Available for Sale - Ending Finished goods Inventory

where

Cost of Goods Available for Sale is $33,600

Ending Finished goods Inventory is $12,500

So, putting the values above:

Cost of Goods Sold (COGS) = $33,600 - $12,500

Cost of Goods Sold (COGS) = $21,100

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Answer:

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Answer:

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3 years ago

Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200 Purchase

amid [387]

Answer:

correct option is A. $5,087

Explanation:

given data

March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200

Purchases amount Sales

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total 3000 @7.267 21800

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balance is = 3000 - 2300 = 700 @ 7.267

ending inventory is $5087

so correct option is A. $5,087

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3 years ago

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3 years ago

Charlotte is trying to measure her salon's productivity during the first quarter. For this period, she should divide ________ by

IRISSAK [1]

Answer:

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2 years ago