Finished Goods Inventory: Beginning Balance Ending Balance Cost of Goods Manufactured $ 30,000 10,000 165,000
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Computing cost of goods sold, manufacturing company
Use the following information to calculate the cost of goods sold for The Ellis Cam. pant for the month or June:
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- Consider the following information for costing purposes: Sales P80,000; Opening Inventory P10,000; Net Purchases P45,000; and Cost of Goods Sold P50,000. Determine the Ending Inventory.a. P10,000b. P15,000c. 5,000d. 25,000Calculate the cost of goods sold when beginning finished goods inventory equals $70,000, ending finished goods inventory is $85,000, and cost of goods manufactured is $600,000. a. $615,000 b. $445,000 c. $685,000 d. $585,000In presenting inventory on the balance sheet December 31, 2021, the unit cost under absorption costing is P2.50 P3.00 P3.50 P4.50
- \table[[Finished goods inventory, ending,$16,3006. Using the information below, calculate cost of goods sold for the period: S 1,304,000 239,000 Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period 36,000 41,000 540,000 a. $448,000. b. $774,000. c. $535,000. d. $769,000.Determine the Sales for the year, Gross Profit P240,000.00, Ending Inventory P120,000.00, Goods available for sale P 200,000.00 P 460,000.00 P 320,000.00 P 400,000.00 P 300,000.00
- In presenting inventory on the balance sheet December 31, 2021, the unit cost under absorption costing is A. P2.50 B. P3.00 C. P3.50 D. P4.50Ruby Beauty Cosmetic Finished goods inventory Details, ending P20,000.00, cost of goods manufactured P230,000.00, and beginning finished goods inventory P11,000.00. How much is the cost of goods soldCompute for the Economic order quantity, assuming the no of units of materials required annually 20,000 cost of placing the order P29.00, Annual Carrying cost of inventory P 5.4
- cost of sales before any adjustments to the inventory was P 450,000. 1.How much is the inventory write-down for the raw materials? a. 35,000 b 15,000 c. 25,000Finished goods inventory, June 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold $ 116,600 825,900 (a) 130,000 (b)3. The following information is taking from Wei Min Enterprise for the year ended 31 December 2020: Particulars RM Inventory at 1 January 2020: Raw materials Work in progress Finished goods Purchases : raw materials Carriage on raw materials Direct labour 25,400 31,100 23,260 91,535 1,960 84,208 33,419 5,200 4,420 Office salaries Rent | Office lighting and heating Depreciation: Works machinery Office equipment Sales Factory fuel and power 10,200 2,300 318,622 8,120