Answer:
The correct answer is $23,600.
Explanation:
According to the scenario, the given data are as follows:
Beginning Finished goods = $8,000
Cost of Goods Manufactured = $15,600
So, we can calculate the cost of goods available for sale by using following formula:
Cost of goods available = Beginning Finished goods + Cost of Goods Manufactured
By putting the value we get,
Cost of goods available = $8,000 + $15,600
= $23,600
Hence, the cost of goods available for sale is $23,600.
Answer:$344,000 which is ($360,000-$16,000)
Explanation:
Cash flow from operating activities refers to cash inflow and outflow in ordinary course of business as it relates to sales, purchases, wages, salaries etc. The direct method of cash flow it's strictly concerned with actual cash inflow and outflow for the period. The decrease in prepaid expenses is deducted since it's an outflow, while the accrued liability is of no effect since it's not a cash movement.
In order to do that, you just have to need to multiply it with the quantity that align with the marginal cost with the total firms.
Assume that the quantity with the price of $ 2.00 is 200 Units, the level of output would be :
200 x 200 = 40,000 Units
Answer:
Harwick Co Entries
DATE ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
$ $
5 Apr. Merchandise Inventory 34,800
Account Payable 34,800
(To record purchase of inventory on account)
6 Apr. Freight In 790
Cash 790
(To record freight cost incurred Purchase of merchandise)
7 Apr. Equipment 28,200
Account Payable 28,200
(To record purchase of equipment on account)
8 Apr. Account Payable 5,500
Merchandise Inventory 5,500
(To record return of damaged merchandise)
15 Apr. Account Payables 34,800
Cash (34,800-5,500) 29,300
(To record payment made)
