Find the cost of goods sold during july

Assignment Help Accounting Basics
Reference no: EM132951182

Question - Barrister and Company began July with a finished goods inventory of $10 000. The cost of goods manufactured during the month was $85 000 and the ending finished goods inventory was $20 000. Find the cost of goods sold during July?

Reference no: EM132951182

Questions Cloud

Explain the implementation of ebm : Describe how research and best-practices contribute to the implementation of EBM. Using a real or hypothetical healthcare organization, provide examples of when
What does break even analysis indicate to managers : What types of managerial decisions are supported by break even analysis? How can managers use break even analysis for decision making?
Discuss about kfc company leadership : -Discuss about KFC company's leadership and how it has influenced their corporate culture. What type of leadership style does KFC practice?
Evaluate the change in the cost of materials : Evaluate the change in the cost of materials between the two months. The costs of materials consumed in producing good units in the Forming Department
Find the cost of goods sold during july : The cost of goods manufactured during the month was $85 000 and the ending finished goods inventory was $20 000. Find the cost of goods sold during July
Average utilization of the? three-teller service system : You are the manager of a local bank where three tellers provide services to customers. On? average, each teller takes four minutes to serve a customer.
Journalize the cost of transferred-in materials : Journalize (1) the cost of transferred-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods.
Determine cost of completed and transferred-out production : Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.
Compute the carrying amount of the buildings : Mal determined the value in use of the CGU was P535,000. Compute for the carrying amount of the buildings at December 31, 2017 after allocating impairment loss

Reviews

Write a Review

Accounting Basics Questions & Answers

  What will be the dollar balances in the Bad Debt Expense

The current unadjusted Allowance for Uncollectable Accounts balance is a credit balance of $2,500, What will be the dollar balances in the Bad Debt Expense

  At what price would the bonds sell

Hillard manufacturing sold an issue of bonds with a 10-year maturity, a $1000 par value, a 10% coupon rate, and semiannual interest payments. Two years after bonds were issued the going rate of interest on bonds fell to 6%. At what price would the..

  Explain all the four cycles should be presented

Explain an organizational chart showing clearly the corporate structure. Finally all the four cycles should be presented in on integrated diagram.

  What is the effect of this accounting decision

Do you think it is always easy and straightforward to determine whether costs should be capitalized or expensed? Do you think it is always easy and straightforward to determine whether a manager is acting ethically or unethically? Give examples to il..

  Calculate the annual rate of return on the project

Pierre's Hair Salon is considering opening a new location in French Lick, California. Calculate the annual rate of return on the project

  What aspects of documentation

What aspects of documentation, file security and retention control procedures are unique to computer systems

  Make recommendations on what Tim should do

Analyze these variances and comment on what likely happened over the past year. Also, make recommendations on what Tim should do

  Calculate the net cash flow from financing activities for

the following accounts among others apeared on zz companys balance sheet at january 1 2005 and december 31 2005

  Record the journal entries related to the transactions

Best Buy sold 20 refrigerators at $2,100 each. Record the journal entries related to the above transactions. Assume 1 refrigerator was returned within 30 days

  Evaluate relationship between traditional accounting records

Evaluate the relationship between traditional accounting records and their magnetic equivalents in computer-based systems

  Sufficient idle capacity to accept the order

ABC Company has just received a special order for 1,000 deck chairs. ABC has sufficient idle capacity to accept the order. Indicate whether the given cost is a sunk cost, opportunity cost, relevant or not relevant to the decision to accept the spe..

  Federal income tax rate on all tax related items

Cooper Corporation has 50,000 shares of common stock outstanding and has a 30% federal income tax rate on all tax related items. Round all earnings per share figures to the nearest cent.

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