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natita [175]
3 years ago
10

A manufacturing company has a beginning finished goods inventory of $28,300, cost of goods manufactured of $58,500 and an ending

finished goods inventory of $27,600. The cost of goods sold for this company is:
A) $114,400
B) $57,800
C) $2,600
D) $86,100
E) $59,200
Business
2 answers:
fgiga [73]3 years ago
7 0
You’re answer would be E love!
saul85 [17]3 years ago
4 0

Answer:

c)

Explanation:

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garri49 [273]

Answer:

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3 0
4 years ago
Analyzing Adjusting Journal Entries, Prepaid Asset and Deferred Revenue Voss Inc., an accounting firm, adjusts and closes its ac
Gennadij [26K]

Answer:

a. Case A-the $1,125 was debited to Supplies Expense. What is the balance of Supplies at year-end?

The previous balance was Supplies $225

If the following was made:

Dr Supplies expense 1,125

    Cr Supplies 1,125

Then the ending balance of Supplies would be = -$900

b. Case B the $1,125 was debited to supplies. What is the balance of Supplies at year-end?

The previous balance was Supplies $225

If the following was made:

Dr Supplies 1,125

    Cr Supplies expense 1,125

Then the ending balance of Supplies would be = $1,350

Explanation:

During the current year, supplies were purchased for $1,125 cash. The inventory of supplies at the prior year-end was $225.

Adjusting entry to record supplies expense = $1,125 + $225 - $360

Dr Supplies expense 990

    Cr Supplies 990

Ending balance of supplies inventory = $360

4 0
4 years ago
8.5 Chrysler LLC Chrysler LLC, the now privately held company sold-off by Daimler-Chrysler, must pay floating rate interest thre
murzikaleks [220]

Answer: -0.93%

Explanation:

In 3 months time Chrysler will have to pay a yield of 6.93% when in fact 3 months from now, had they not bought the futures, they would have to pay 6%.

This means that they will have overpayed with the futures contract.

The amount in interest they overpayed by can simply be calculated as,

= Floating Rate 3 months from.now - Effective yield on Futures contract

= 6% - 6.93%

= -0.93%

Chrysler made a loss of (0.93% )

4 0
3 years ago
You and your wife are making plans for retirement. You plan on living 30 years after you retire and would like to have $75,000 a
o-na [289]

Answer:

The amount needed in the retirement account is $707,025.

Explanation:

This problem is a case of annuity.

They plan to withdraw $ 75,000 annually from the end of the first year of retirement.

The formula that relates capital in the account to annual withdrawals is

C=A*D=A*(\frac{(1+i)^{n} -1}{i*(1+i)^{n}} )\\\\C=75,000*9.427=707,025

8 0
4 years ago
Zhang Industries budgets production of 300 units in June and 310 units in July. Each finished unit requires 4 pounds of raw mate
baherus [9]

Answer:

Option (E) is correct.

Explanation:

Production require in pounds = Budgets production in June × pounds of raw material K requires

                                                 = 300 units × 4

                                                 = 1200

Total production require in pound:

= Production require in pounds + Ending inventory × pounds of raw material K requires

= 1200 + (30% × 310 units) × 4

= 1200 + 93 × 4

= 1200 + 372

= 1,572

Budgeted purchases for raw material K for June:

= Total production require in pound - Beginning balance

= 1,572 - 360

= 1,212

5 0
4 years ago
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