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MrRissso [65]
3 years ago
10

What is the purpose of the statement of cost of goods manufactured? A. to determine the ending work in process inventory B. to d

etermine the ending materials inventory C. to determine the amounts transferred to finished goods D. All of these choices are correct.
Business
1 answer:
koban [17]3 years ago
6 0

Answer:

C. to determine the amounts transferred to finished goods

Explanation:

The statement for the cost of goods manufactured is a statement indicating the total cost used in the production process. It is used in estimating the cost that an organization incurs in producing a product and converting it to a finished product. It helps in determining the amount or costs transferred to finished goods. It is used in calculating the cost of goods sold on the income statement. It involves all cost used in the manufacturing process including the overhead costs.

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Tyrone is reviewing customer response forms and learns that while some people like the company's new outerwear designs, the majo
Vsevolod [243]

Answer:

Feedback

Explanation:

Feedback is the response you get from the customers.

4 0
3 years ago
A cpa examines a sample of copies of december and january sales invoices for the initials of the person who verified the quantit
artcher [175]

A CPA examines a sample of copies of December and January sales invoices for the initials of the person who verified the quantitative data. This is an example of a Test of a control

<h3>What is the Test of a control?</h3>
  • Any auditing technique used to assess an organization's internal controls is known as a test of control.
  • Determining if these internal controls are adequate to identify or reduce the risk of material misstatements is the goal of control tests in auditing.
  • For instance, the auditor is working on the audit of ABC's financial accounts and it will begin very soon.
  • Normally, the auditor must complete audit preparation and get audit partner approval before proceeding with the substantive test or conducting fieldwork.

To learn more about Risk management, refer to the following link:

brainly.com/question/13760012

#SPJ4

4 0
2 years ago
Patrick Henry's famous speech expresses the main theme: "Give me liberty or give me death." This is a speech about:
kramer
The answer is B. concepts.
4 0
3 years ago
Read 2 more answers
Sunland Corporation had net sales of $2,425,800 and interest revenue of $38,200 during 2020. Expenses for 2020 were cost of good
ladessa [460]

Answer:

Prepare a single-step income statement for the year ended December 31, 2020

Explanation:

SUNLAND CORPORATION  

Inconme statement  

For the year endend December 2020  

 

 

Revenue  

Net Sales               2.425.800  

Interes Revenue             38.200  

Total Revenue        2.464.000  

 

Expenses  

Cost Of goods             1.458.200  

Administrative expenses 212.600  

Selling xpenses                 282.000  

Interes expense                   46.400  

Tax rate                                  139.440  

Expenses                       2.138.640  

 

Net income                           325.360  

 

Shares issued                     70210  

Earning p/share                        4,63  

7 0
4 years ago
The field of operations management is shaped by advances in which of the following fields?
natulia [17]

Answer:

E) all of the above

Explanation:

THIS ARE THE OPTIONS FOR THE QUESTION BELOW

A) chemistry and physics

B) industrial engineering and management science

C) biology and anatomy

D) information technology

E) all of the above

Operations management can be regarded as administration of business practices which brings about creation

of highest level of efficiency that can be created within an organization. It is responsible for conversion of materials as well as labor to goods/services so that profit can be maximized efficiently

in an organization. It should be noted that The field of operations management is shaped by advances in fields such as ;

✓chemistry and physics

✓management science

✓ biology and anatomy

✓information technology

✓Industrial engineering

7 0
3 years ago
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