How much is the year-end cost of sales

Assignment Help Accounting Basics
Reference no: EM132822569

Problem 1: During 2020, BSA Company reported total manufacturing cost P2,000,000, decrease in raw materials inventory by P99,000; increase in work in process inventory by P67,000; and increase in finished goods inventory by P77,000. How much is the year-end cost of sales?

Option 1: P1,955,000
Option 2: P2,144,000
Option 3: P1,856,000
Option 4: P2,045,000

Reference no: EM132822569

Questions Cloud

Define what you believe personally about the topic : This assignment is not an opinion piece about what you believe personally about the topic or the questions asked. Instead, please focus upon highlighting your.
How much is correct balance of cash and cash equivalents : Next month, P250,000 and 5-year BSP treasury bills acquired 61 days before maturity, P275,000. How much is correct balance of cash and cash equivalents?
Change the approach of work in hospitality industry : Discuss one thing that changes the perspective about this area of the law in Cost of Poor HR Planning?
Evaluate the current financing and reimbursement models : Evaluate the current financing and reimbursement models within the U.S. healthcare delivery system. The Titusville Medical Center, a mid-sized.
How much is the year-end cost of sales : Increase in work in process inventory by P67,000; and increase in finished goods inventory by P77,000. How much is the year-end cost of sales?
Formulate a thesis based on your overall evaluation : Formulate a thesis based on your overall evaluation. A strong thesis acknowledges both strengths and limitations. Use each of the body paragraphs to evaluate.
Which will result to highest gross profit ratio : Assuming the entity's operation resulted to a net profit, which of the following will result to highest gross profit ratio? 50% of Cost of Sales
Explain job description and performance? expectations : What is the major difference between a job description and performance? expectations?
What did you learn about your selected person : What did you learn about your selected person and their preferred love languages from your interview? What was challenging about the interview?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the amounts necessary to record arnold

Determine the amounts necessary to record Arnold's income taxes for 2012 and prepare the appropriate journal entry. Pretax accounting income was $50 million for the year ended December 31, 2012.

  What is the basis for land B

Taxpayer exchanges land A for Land B. What is realized Gain? What is Recognized gain? What is the basis for land B

  What are the implications of bps strategy

What are the implications of BP's strategy in terms of public perception and how may this impact upon their performance?

  How many shares would have been issued from bond conversion

You learn from his notes in the new file that FixAll had issued 28,500. How many shares would have been issued from the bond conversion of July 1, 2023?

  Prepare stockholders equity section of phelps corporation

Prepare the stockholders' equity section of Phelps Corporation's balance sheet as of December 31, 2014.Record the journal entries for the transactions

  Determine the income to be recognized in taxable income

Bigham Corporation, an accrual basis calendar year taxpayer, sells its services under 12-month and 24-month contracts. Determine the income to be recognized

  Find What Athena Inc free cash flow is

What Athena, Inc.'s free cash flow is? On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $99,000

  Losses and deductions of an s corporation

Per the text and IRC, losses and deductions of an S corporation pass through to the shareholders of the corporation and are limited to the shareholders' basis in the S corporation. Suggest a plan for a client to increase the deductible pass throug..

  Find which is the variable overhead spending variance

During the year, Factory A actually produced 10,000 units, used 20,000 direct labour hours. Which one is the variable overhead spending variance?

  How many units did serene purchase

Serene Corporation had 25,000 units of brake calipers on hand at the end of 2015. How many units did Serene purchase in 2016

  Prepare the journal entry to record the issuance of the bond

Park Corporation is planning to issue bonds with a face value of $2,017,000, Prepare the journal entry to record the issuance of the bonds

  Prepare a schedule to determine the total amount

Prepare a schedule that compares the two alternatives and expresses the respective cash flows in terms of their present value as of March

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