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Serjik [45]
3 years ago
10

Coronado Industries has $16000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory

was $11000 and cost of goods sold was $46000, how much would Coronado report for cost of goods manufactured
Business
1 answer:
In-s [12.5K]3 years ago
5 0

Answer:

$51,000

Explanation:

Coronado industries has $16,000 of ending finished goods

The beginning finished goods inventory is $11,000

Cost of goods sold is $46,000

Therefore the cost of goods manufactured for Corona report can be calculated as follows

=$46,000+($16,000-$11,000)

= $46,000+$5,000

= $51,000

Therefore the cost of goods manufactured is $51,000

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A firm reported salary expense of $236,000 for the current year. The beginning and ending balances in salaries payable were $39,
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Answer:

The correct answer is C. $264,000

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8 0
3 years ago
Suppose the equilibrium price of oranges is $0.79, but government takes steps to prevent the price from exceeding $0.60. The lik
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. C. shortage of oranges as the price ceiling keeps the market from reaching equilibrium

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8 0
3 years ago
Describe an example of a company that manufactures a product.
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Answer:

an increase in operating income of $ 40,000.

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8 0
3 years ago
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