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Tasya [4]
3 years ago
11

Compute cost of goods sold for 2015 using the following information. Finished goods inventory, Dec. 31, 2014 $ 345,000 Work in p

rocess inventory, Dec. 31, 2014 83,500 Work in process inventory, Dec. 31, 2015 72,300 Cost of goods manufactured, 2015 918,700 Finished goods inventory, Dec. 31, 2015 283,600
Business
1 answer:
lord [1]3 years ago
3 0

Answer:

$991,300

Explanation:

Given that,

Finished goods inventory, Dec. 31, 2014 = $345,000

Work in process inventory, Dec. 31, 2014 = $83,500

Work in process inventory, Dec. 31, 2015 = $72,300

Cost of goods manufactured, 2015 = $918,700

Finished goods inventory, Dec. 31, 2015 = $283,600

We need to calculate cost of goods manufactured first.

Cost of goods manufactured:

= Cost of goods manufactured, 2015 + Beginning work in process inventory - Ending work in process inventory

= $918,700 + $83,500 - $72,300

= $929,900

Cost of goods sold for 2015:

= Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory

= $345,000 + $929,900 - $283,600

= $991,300

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The legislature budget board and the governor are authorize to transfer money from one agency to other.

Explanation:

Given:

Money needs to be transferred from 1 agency to other when legislature is not in session:

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When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.

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Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of
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if the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the presen
AlekseyPX

if the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the present value of the same series

True

What is a discount(or interest) rate?

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On the premise that the interest rate is positive, it means that there would positive value-added over the investment period which increases the present value to ensure that the future value exceeds the present value

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7 0
2 years ago
Norwalk Corporation issued 10,000 shares of $50 par preferred stock at $74 a share. A stock warrant attached to each preferred s
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Explanation:

In this question, we are asked to calculate the amount credited to common stock warrants at issuance of the preferred stock.

A mathematical approach is needed to compute this.

Mathematically the amount credited to common stock warrants at issuance is calculated by multiplying the selling price of a warrant by the number of warrants.

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