What is the cost of goods sold for the company

Assignment Help Accounting Basics
Reference no: EM131884459

Question: A manufacturing company has a beginning finished goods inventory of $14,600,

raw material purchases of $18,000,

cost of goods manufactured of $32,500, and

an ending finished goods inventory of $17,800.

The cost of goods sold for this company is?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131884459

Questions Cloud

Explain how systems theory can help administrators : Explain how systems theory can help administrators understand the relationships between human services organizations and their environments.
Capital budgeting recommendation : Incorporating all of the things that have happened during the year, as well as you capital budgeting recommendation,
What amounts should be recorded related to the transaction : On January 1, YR01, General Motors entered into a contract to sell a specialized ambulance to a customer for $1,000.
Compute the net realizable value of receivables : Compute the Net realizable value of receivables at the end of 2012 and Using the allowance method, the amount of uncollectible accounts expense for 2012
What is the cost of goods sold for the company : A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $32,500.
Why are indices not useful for estimating population sizes : Why are indices not useful for estimating population sizes, but only for relative comparisons? Which method of estimation was more accurate?
Regarding the correct price of the forward contract : Which of the following is true regarding the correct price of the forward contract?
Compare natural versus anthropogenic climate changes : Analyze the effectiveness of this mitigation strategy, as well as its potential costs and policy implications.
Money did your grandfather originally put into the account : What if you left the money until your 65th birthday? How much money did your grandfather originally put into the account?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the direct-material price and quantity variances

Calculate the direct-material price and quantity variances, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.

  Horizontal common-size analysis for sales

a. Using Year 1 as the base, prepare horizontal common-size analysis for sales and net accounts receivable. b. Compute the accounts receivable turnover for Years 2-5. (Use net accounts receivable.)

  What is the most profitable sales mix for this company

Memory Lane Company can sell all units of computer memory X and Y that it can produce, but it has limited production capacity.

  What are the required journal entries to record the issuance

What are the required journal entries to record the issuance of the note, accrued interest, and the payment of principal and interest at maturity

  Undertake a high-risk gold mining venture in canada

Hazel Holden and Cedric Dalton are organizing Calgary Metals Unlimited Inc. to undertake a high-risk gold-mining venture in Canada.

  Determine annual manufacturing overhead cost-allocation rate

a. For Fox Manufacturing, determine the annual manufacturing overhead cost-allocation rate. b. Determine the amount of manufacturing overhead costs allocated to the Maize High School job.

  Explain how campbell soup company can have net income of

explain how campbell soup company can have net income of 401.5 million but generate 805.2 million in cash from

  Auto spa company was started on january

Auto Spa Company was started on January 1, 2013, when the owners invested $120,000 cash in the business.

  What amount of gain or loss does mike recognize

Mike and Michelle decided to liquidate their jointly owned corporation, Pennsylvania Corporation. What amount of gain or loss does Mike recognize

  Information technology for competitive advantage

Compare each organization's use of information systems to help manage internal operations and to make decisions. Assess how these two organizations use information technology for competitive advantage.

  Puts and calls on procter and gamble

You are a trader who trades both puts and calls on Procter and Gamble. Information about current market conditions is displayed below.

  What was the beginning of year balance in accounts

Refer to the situation described in BE 7-10. If credit sales for the year were $8,200,000 and $7,950,000 was collected from credit customers, what was the beginning-of-year balance in accounts receivable?

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