What is the cost of goods sold

Assignment Help Accounting Basics
Reference no: EM133188631

Question - The following information is for Pharoah Inc. for the year 2022:

Manufacturing costs $3,014,400

Number of gloves manufactured 314,000 pairs

Beginning inventory 0 pairs

Sales in 2022 were 312,500 pairs of gloves for $20 per pair.

Required - What is the cost of goods sold for 2022?

Reference no: EM133188631

Questions Cloud

Outlining two points of information : Demonstrate and write a two-page report outlining two points of information you have gained from the National Quality Framework, National Quality Standards and
How much is the translated balance of inventory : The weighted average rate for the full year 202X was €1 = $1.15, how much is the translated balance of inventory in U.S. $ at year-end
What makes strong project teams : What makes strong project teams and why or why haven't teams you've worked with in the past succeeded. These could be teams at work, at school, or in your outsi
Main advantages and disadvantages of the ethnocentric : Reflect on the role of technology as a driver of international business. How has technology, and the Internet in particular, contributed to the success of the H
What is the cost of goods sold : The following information is for Pharoah Inc. for the year 2022: Manufacturing costs $3,014,400. What is the cost of goods sold for 2022
Strategy development and implementation : What is the importance of PESTLE analysis for strategy development and implementation?
Diploma of early education and care : In Diploma of Early Education and Care, unit CHCMGT003, how can you facilitate group discussions and meetings?
Identify characteristics commonly associated : Identify characteristics commonly associated with professional behavior in the workplace? Why do you think that these characteristics are important?
Identify and explain the right of cooperatives : Identify and explain the components of allocation and distribution of surplus

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