1. Merchandise Available for Sale - FG, end = 2. Sales - (Sales Returns and Sales Discount) = 3. Cost of Goods Manufactured + WIP, end = 4. Cost of Goods Sold + FG, end = 5. Merchandise Available for Sale - Cost of Goods Manufactured 6. Goods in Process - Manufacturing Cost = 7. Merchandise Available for Sales - FG, beginning = 8. Goods in Process - WIP, beginning = 9. Gross Profit Cost of Goods Sold = 10. Net Income Expenses = CHOICES: A Manufacturing Cost B Raw Materials Used C Gross Profit D Net Income (Loss) E Prime cost F Goods Placed in Process G Cost of Goods Manufactured H Conversion Cost I Raw Materials Available for Use J Merchandise Available for Sale K Cost of Goods Sold L Net Sales M Raw Materials Inv., beginning N Raw Materials Inv., end O Work - in - Process Inv., beginning P Work - in - Process Inv., end Q Finished Goods Inv., beginning Finished Goods Inv., end

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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May i know the correct answers here. 

1. Merchandise Available for Sale
- FG, end =
2. Sales
(Sales Returns and Sales Discount) =
%3D
3. Cost of Goods Manufactured + WIP, end =
4. Cost of Goods Sold + FG, end =
5. Merchandise Available for Sale
Cost of Goods Manufactured =
6. Goods in Process
Manufacturing Cost =
%3D
7. Merchandise Available for Sales
FG, beginning =
%3D
8. Goods in Process
WIP, beginning =
%3D
9. Gross Profit +
Cost of Goods Sold
%3D
10. Net Income
Expenses =
%3D
СHOICES:
A Manufacturing Cost
B Raw Materials Used
C Gross Profit
D Net Income (Loss)
E Prime cost
F Goods Placed in Process
G Cost of Goods Manufactured
H Conversion Cost
I
Raw Materials Available for Use
J Merchandise Available for Sale
K Cost of Goods Sold
L Net Sales
M Raw Materials Inv., beginning
N Raw Materials Inv., end
O Work - in - Process Inv., beginning
Work - in - Process Inv.,
end
Q Finished Goods Inv., beginning
R Finished Goods Inv., end
Transcribed Image Text:1. Merchandise Available for Sale - FG, end = 2. Sales (Sales Returns and Sales Discount) = %3D 3. Cost of Goods Manufactured + WIP, end = 4. Cost of Goods Sold + FG, end = 5. Merchandise Available for Sale Cost of Goods Manufactured = 6. Goods in Process Manufacturing Cost = %3D 7. Merchandise Available for Sales FG, beginning = %3D 8. Goods in Process WIP, beginning = %3D 9. Gross Profit + Cost of Goods Sold %3D 10. Net Income Expenses = %3D СHOICES: A Manufacturing Cost B Raw Materials Used C Gross Profit D Net Income (Loss) E Prime cost F Goods Placed in Process G Cost of Goods Manufactured H Conversion Cost I Raw Materials Available for Use J Merchandise Available for Sale K Cost of Goods Sold L Net Sales M Raw Materials Inv., beginning N Raw Materials Inv., end O Work - in - Process Inv., beginning Work - in - Process Inv., end Q Finished Goods Inv., beginning R Finished Goods Inv., end
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