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egoroff_w [7]
2 years ago
11

The following information pertains to the Frameworks Corporation for May. Calculate the cost of goods sold for the period:Beginn

ing Finished Goods Inventory $19,500Ending Finished Goods Inventory$18,000Cost of Goods Manufactured $126,800A. $126,800.B. $125,300.C. $146,300.D. $128,300.E. $164,300.
Business
1 answer:
ANTONII [103]2 years ago
6 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Beginning Finished Goods Inventory $19,500

Ending Finished Goods Inventory$18,000

Cost of Goods Manufactured $126,800

To calculate the cost of goods sold we need to use the following formula:

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

COGS= 19,500 + 126,800 - 18,000= $128,300

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Answer:

Explanation:

The adjusting entries are shown below:

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2. Insurance expense A/c Dr $190

         To Prepaid Insurance                  $190

(Being prepaid insurance is adjusted)

3. Salaries expense A/c $1,280

          To Salaries payable A/c        $1,280

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7 0
3 years ago
Bill signs a check payable to the order of City Bank, filling in the blanks for the amount with the figures "$100" and "One thou
nirvana33 [79]

Answer: a. $ 0

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The check is only payable if the amount in words and amount in figures matches .In this case since they do not match the check is not payable

6 0
3 years ago
Starling Co. manufactures one product with a selling price of $18 and variable cost of $12. Starling’s total annual fixed costs
nikitadnepr [17]

The number of units that Starling Co. sold was 11200

<u>Explanation:</u>

Given -

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Number of units sold, n = ?

Contribution  margin per unit = $18 - $12

                                                 = $6

n = \frac{operating income + fixed cost}{contribution margin per unit}

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Answer:

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Explanation:

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1.) Describe any four features of Departmental Organisation.
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Answer:

hope it's help :D

Explanation:

thank you

4 0
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