Cost of goods manufactured

Assignment Help Financial Accounting

Reference no: EM13794340

Lima, Inc. has $20,000 of ending finished goods inventory as of December 31, 2012. If beginning finished goods inventory was $10,000 and cost of goods sold was $40,000, how much would Sunny Daze report for cost of goods manufactured?

Reference no: EM13794340

Questions Cloud

Write an essay on social media is a negative influence : Write an essay on Social media is a negative influence. Science is a threat to the human race. The United Nation sis no longer functioning effectively.

Exercise of judicial review to invalidate laws : The role of judicial philosophy (or ideology) in Supreme Court decision-making, especially in its exercise of judicial review to invalidate laws enacted by a democratically elected Congress or state legislature

Amount of gross profit does company report-income statement : The Intramural Sports Club reports sales revenue of $1,090,000. Inventory at both the beginning and end of the year totals $190,000. The inventory turnover ratio for the year is 4.9. What amount of gross profit does the company report in its income s..

Small non-profit community organization issues : Why is it important for Jamie Lynn to evaluate the results of her program? Who should conduct the evaluation?

Cost of goods manufactured : Lima, Inc. has $20,000 of ending finished goods inventory as of December 31, 2012. If beginning finished goods inventory was $10,000 and cost of goods sold was $40,000, how much would Sunny Daze report for cost of goods manufactured?

Growth by selling service contracts on large appliances : Central Appliance Service Co. Inc., has achieved fast growth by selling service contracts on large appliances, such as washers, dryers, and refrigerators. For a fee, the company agrees to provide all parts and labor on an appliance after the regular ..

Calculate annual depreciation on building and improvements : Your company is undertaking a new project. A building was purchased 10yrs ago for $500,000 depreciated straight line to $50,000 (I,e the land value) over 30 yrs. It’s now worth $200,000. Calculate the annual depreciation on the building and improveme..

Greatest challenges in pubic safety administration field : What do you feel are the two greatest challenges in the pubic safety administration field today? Explain the reasons behind your selection. What can be done to meet these challenges?

How to create an experiment and how to groom your pet : How to organize a kitchen. How to create an experiment. How to groom your pet. How to develop an exercise regimen. How to prepare for college.

User Account

All Pages