1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rashid [163]
3 years ago
9

Use the following data to calculate the cost of goods sold for the period:

Business
1 answer:
PtichkaEL [24]3 years ago
4 0

Answer:

The cost of goods sold for the period is:

= $250,600.

Explanation:

a) Data and Calculations:

Beginning Raw Materials Inventory                  $30,600

Ending Raw Materials Inventory                         70,600

Beginning Work in Process Inventory                40,600

Ending Work in Process Inventory                     46,600

Beginning Finished Goods Inventory                72,600

Ending Finished Goods Inventory                     68,600

Cost of Goods Manufactured for the period 246,600

To determine the cost of goods sold:

Beginning Finished Goods Inventory             $ 72,600

Cost of Goods Manufactured for the period  246,600

Cost of goods available for sale                    $319,200

Ending Finished Goods Inventory                    (68,600)

Cost of goods sold                                        $250,600

You might be interested in
Discuss the following statement: "Real GDP has decreased for two quarters in a row; we definitely are living through a contracti
wlad13 [49]

Answer:

d

Explanation:

because it is declined i think

6 0
3 years ago
At April 30, Marigold Corp. has the following bank information: Cash balance per bank $5400 Outstanding checks $330 Deposits in
aivan3 [116]

Answer:

$5,720

Explanation:

Calculation to determine What is Marigold adjusted cash balance on April 30

MARIGOLD CORP Adjusted cash balance on April 30

Cash balance per bank $5400

Less:Outstanding checks ($330)

Add: Deposit in transit $650

Adjusted cash balance. $5720

($5400-$330+$650)

Therefore Marigold adjusted cash balance on April 30 is $5,720

7 0
3 years ago
Information related to Kerber Co. is presented below.
yKpoI14uk [10]

Answer:

Date        Account titles & Explanation           Debit         Credit

Apr-05    Merchandise Inventory                    $23,000

                       Accounts Payable                                        $23,000

Apr-06    Merchandise Inventory                    $900

                       Cash                                                              $900

Apr-07     Equipment                                        $26,000

                       Accounts Payable                                       $26,000

Apr-08    Accounts Payable                             $3,000

                        Merchandise Inventory                              $3,000

Apr-15     Accounts Payable                            $20,000

               ($23,000-$20,000)

                     Merchandise Inventory                                 $400

                     ($20,000*2%)

                     Cash                                                                $19.600

7 0
3 years ago
Ralph is a professional football player. He signs a valid contract with the Jets. Later, the Giants offer him more money, so he
svetoff [14.1K]

Answer:

C. The court will issue a preliminary injunction barring Ralph from playing with any team other than the Jets during the course of the lawsuit.

Explanation:

Signing a contract means that both the offering and the accepting parties are agreeing over the particular protocols. Offer, acceptance, and consideration are the important aspects of the contract. The acceptance of both parties over the same norms is the most essential part of the contract.

In the above situation, Ralph has violated the agreed contract with the Jets. He went forward and signed another contract with Giants. This action of Ralph was a strict violation of the contract agreed on by Ralph and Jets.  According to the judicial proceedings, Ralph was ordered to obey the contract and was barred from playing with any other team.

7 0
3 years ago
What is a student for a company ?
Alinara [238K]

Answer:

I don't understand what you are asking

8 0
2 years ago
Read 2 more answers
Other questions:
  • On january 1, 2016, pet friendly stores adopted the retail inventory method. inventory transactions at both cost and retail, and
    5·1 answer
  • Fixed expenses consist of $300,000 of common costs allocated to the three products based on relative sales, as well as direct fi
    12·2 answers
  • A firm produces 400 units of output at a total cost of $1,200. If total variable costs are $1,000, Group of answer choices avera
    5·1 answer
  • On December 31, 2021, Flint Corporation sold for $100,000 an old machine having an original cost of $180,000 and a book value of
    15·1 answer
  • You discover that credit information on you is inaccurate. which principle does this violate?
    5·2 answers
  • Becker & smith, cpas, and its client, troper lighting, are discussing a possible advisory engagement in which the firm would
    7·1 answer
  • Bob is a recognized french horn player. Bob has played for several major symphonies. Last year Bob went through bankruptcy and i
    15·1 answer
  • Larsen Films' is analyzing its cost structure. Its fixed operating costs are $470,000, its variable costs of $2.80 per unit prod
    5·1 answer
  • Example of direct cost
    6·1 answer
  • virtually all jobs and professions, regardless of the proficiency or experience needed to perform them, require good skills.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!