Accounts receivable, December 31 Cost of goods sold Accounts payable, January 11 Accounts payable, December 31 Finished-goods inventory, December 31 Gross margin Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished-goods inventory, January 1 Direct materials used Direct manufacturing labor Manufacturing overhead costs Purchases of direct materials Revenues Accounts receivable, January 11 Case 1 Case 2 (in thousands) $ 9,000 $3,560 A 26,000 4,100 2,590 2,400 2,030 B 7,200 с 1,300 4,600 10,000 17,000 7,800 D 19,100 3,400 0 7,000 14,000 4,000 8,500 11,500 11,500 53,000 46,300 2,500 2,300

Accounts receivable, December 31 Cost of goods sold Accounts payable, January 11 Accounts payable, December 31 Finished-goods inventory, December 31 Gross margin Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished-goods inventory, January 1 Direct materials used Direct manufacturing labor Manufacturing overhead costs Purchases of direct materials Revenues Accounts receivable, January 11 Case 1 Case 2 (in thousands) $ 9,000 $3,560 A 26,000 4,100 2,590 2,400 2,030 B 7,200 с 1,300 4,600 10,000 17,000 7,800 D 19,100 3,400 0 7,000 14,000 4,000 8,500 11,500 11,500 53,000 46,300 2,500 2,300

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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