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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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