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vodka [1.7K]
3 years ago
15

A manufacturing company has a beginning finished goods inventory of $27,300, cost of goods manufactured of $57,500, and an endin

g finished goods inventory of $26,600. The cost of goods sold for this company is: Multiple Choice $111,400. $56,800. $3,600. $84,100. $58,200.
Business
1 answer:
Vaselesa [24]3 years ago
6 0

Answer:

$58,200.

Explanation:

We use the inventory identity to solve for COGS

$$Beginning Inventory + Production = Ending Inventory + COGS

Beginning Inventory  27,300

Production  57,500

Ending  26,600

27,300 + 57,500 = 26,600 + COGS

COGS = 27,300 + 57,500 - 26,600

COGS = 58,200

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Answer:

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8 0
3 years ago
During 2018, P Company discovered that the ending inventories reported on its financial statements were incorrect by the followi
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Answer:

D. $30,000 overstated

Explanation:

Understatement of ending Inventory overstate the value of cost of Goods sold and understate the value of Net income and retained earning as well.

Overstatement of ending Inventory understate the value of cost of Goods sold and overstate the value of Net income and retained earning as well.

In 2016 the net income and retained earning was understated by $120,000.

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3 years ago
Purpose of Assignment The purpose of this assignment is for students to employ capital budgeting techniques using time value of
garik1379 [7]

Answer:

Present Value 5,715,331.32

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Accepting a project with a higher cost will not generate enought cashflow to sustain the patyment of debt and the return expected from the stockholders therefore, will generate a economic result and investor will leave the company for other which can sustain their desired return.

Explanation:

We are going to discount the yearly cash-flow at the given rate of 12.50%

then, the terminal value which is the present value of the future period will also be discounted at this rate.

The sum of all this will be the present value of the firm.

\left[\begin{array}{ccc}$Year&$Cash Flow&$Discounted\\1&575000&511111.11\\2&625000&493827.16\\3&650000&456515.77\\4&725000&452613.93\\5&850000&471689.61\\$terminal&6000000&3329573.74\\Present&Value&5715331.32\\\end{array}\right]

The formula we use the present value of a lump sum:

\frac{Maturity}{(1 + rate)^{time} } = PV

We are going to accept the project only if the initial investment is at 5,715,331 or below in order to achieve the return to support the cost of capital estructure of the company

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3 years ago
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Answer:

$26,898.25

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Context content and culture are
Black_prince [1.1K]

Complete Question:

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