Beginning finished goods inventory

Assignment Help Accounting Basics
Reference no: EM13152967

Brown Company has $30,000 of ending finished goods inventory as of December 31, 2008. If beginning finished goods inventory was $25,000 and cost of goods sold was $40,000, how much would Brown report for cost of goods manufactured?

a) $42,500

b) $25,000

c) $35,000

d) $45,000

Reference no: EM13152967

Questions Cloud

Mean number among truthful persons classied as deceptive : What is the mean number among 12 truthful persons who will be classied as deceptive? What is the standard deviation of this number?
Explain scientific notation when working chemistry problems : It is often necessary to do calculations using scientific notation when working chemistry problems. For practice, perform each of the following calculations
Find probability sample proportion of health is excellent : What is the probability that the sample proportion p of an SRS of size n = 1000 Who say their health is excellent lies between 26% and 32%?
Explain equal volumes of the two solutions are mixed : Equal volumes of the two solutions are mixed. Assuming the reaction is first order in each reactant, what is the initial rate at 32 degrees C?
Beginning finished goods inventory : Brown Company has $30,000 of ending finished goods inventory as of December 31, 2008. If beginning finished goods inventory was $25,000 and cost of goods sold was $40,000, how much would Brown report for cost of goods manufactured?
State difference between the classical and keynesian schools : State the essential difference between the classical and Keynesian schools of thought. If you were a public policymaker and received conflicting advice from a classical and a Keynesian economist, how would you choose? Explain.
What mass of liquid water condenses inside the bottle : The bottle is then brought outside and stored at 0.0°C. (a) What mass of liquid water condenses inside the bottle?
Probability exactly three members of committee are hispanic : What is the probability that exactly 3 members of the committee are Hispanic? (b) What is the probability that 3 or fewer members of the committee are Hispanic?
Explain what mass of water vapor condenses : What is the partial pressure of H2O in the compressed gas mixture? (See this table.) torr (b) What mass of water vapor condenses to liquid g

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd