FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Sales revenue
Rent revenue
Raw material purchases
Energy consumption in production
Energy consumption in headquarters
depreciation
Factory/machinery
Direct labor costs
O b. 362.000, 562.000
c. 362.000, 162.000
O d. 562.000, 362.000
Refer to Question. What is the net income?
O a. 2.438.000
O b. 1.488.000
Beginning Within
Ending
4,000,000.00 500,000.00 4,500,000.00
220,000.00 20,000.00
240,000.00
2,000,000.00 200,000.00 2,200,000.00
400,000.00
40,000.00
440,000.00
55,000.00
5,000.00
28,000.00 2,000.00
O c. 1.728.000
O d. 4.500.000
880,000.00 120,000.00
600,000.00 100,000.00
800,000.00 90,000.00
300,000.00
1,200,000.00
500,000.00
1,900,000.00
Indirect labor costs
Salaries for headquarters personnel
Raw materials (opening yearly balance 500.000)
Work-in process
900,000.00
Finished goods
Cost of goods sold
?
?
Suppose that the table belongs to a firm's December transactions. What are the Cost of Goods
Manufactured and Cost of Goods Sold?
O a. 562.000, 162.000
60,000.00
30,000.00
1,000,000.00
700,000.00
890,000.00
400,000.00
1,000,000.00
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Transcribed Image Text:Sales revenue Rent revenue Raw material purchases Energy consumption in production Energy consumption in headquarters depreciation Factory/machinery Direct labor costs O b. 362.000, 562.000 c. 362.000, 162.000 O d. 562.000, 362.000 Refer to Question. What is the net income? O a. 2.438.000 O b. 1.488.000 Beginning Within Ending 4,000,000.00 500,000.00 4,500,000.00 220,000.00 20,000.00 240,000.00 2,000,000.00 200,000.00 2,200,000.00 400,000.00 40,000.00 440,000.00 55,000.00 5,000.00 28,000.00 2,000.00 O c. 1.728.000 O d. 4.500.000 880,000.00 120,000.00 600,000.00 100,000.00 800,000.00 90,000.00 300,000.00 1,200,000.00 500,000.00 1,900,000.00 Indirect labor costs Salaries for headquarters personnel Raw materials (opening yearly balance 500.000) Work-in process 900,000.00 Finished goods Cost of goods sold ? ? Suppose that the table belongs to a firm's December transactions. What are the Cost of Goods Manufactured and Cost of Goods Sold? O a. 562.000, 162.000 60,000.00 30,000.00 1,000,000.00 700,000.00 890,000.00 400,000.00 1,000,000.00
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