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stira [4]
3 years ago
6

Mustang Corporation has accumulated the following accounting data for the month of April: Finished goods inventory: April 1 $30,

600 Finished goods inventory: April 30 25,000 Total cost of goods manufactured: 116,400a. $125,000 b. $174,200 c. $113,400 d. $62,200 e. $150,600
Business
1 answer:
omeli [17]3 years ago
7 0

Answer:

a. $125,000

Explanation:

                               Cost of goods sold

Beginning Finished inventory                 $30,600

Cost of goods manufactured                  $116,400

Goods available for sale                          $147000

Ending Finished inventory                       ($25,000)

Cost of goods sold                                   $122000

Therefore, The cost of goods sold is closest to $125,000.

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jenyasd209 [6]

Answer: The correct answer is " b. $0 and $450,000.  ".

Explanation: First we must calculate the amount for which we change the warehouse ($ 350,000 + $ 150,000) = $ 500,000.

The adjusted base of the warehouse was $ 600,000.

Therefore there is a loss of $ 100,000, which is not recognized because it is not realized at that time in the face of an exchange of such characteristics, the base of the office building must be calculated taking into account the postponed loss:

Fair market value ($ 350,000) + Postponed loss ($ 100,000) = $ 450,000.

8 0
3 years ago
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Allisa [31]
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6 0
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RUDIKE [14]
Which law are we being asked about?
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4 years ago
Austin, Aiden, and Zara wanted to open A2Z Sports Bar that serves a unique offering of beer, weekend entertainment, and a limite
poizon [28]

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5 0
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The Sixth Amendment guarantees the right of criminal suspects to have an attorney defend them in court. This right does not depend on the defendant's ability to pay attorneys' fees. If the defendant cannot afford one, the government must provide one.

An amendment is a formal or official change to a statute, treaty, constitution, or legal document. It is based on the verb 'change' which means 'to change for the better.

Changes may add, remove or update portions of this Agreement. They are often used when it is better to modify a document than to create a new one. Only legislative bodies are involved in the change process.

learn more about amendments here.   brainly.com/question/458137

#SPJ4

5 0
2 years ago
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