What is the cost of goods sold for the month

Assignment Help Financial Accounting
Reference no: EM133327616

Question: A manufacturing business had a beginning inventory of $57,634, and an ending inventory of $25,920.20 and paid their line workers $7,894.50 for the month. They paid the receptionist and the office secretary salaries of $2,490 and $1255. What is the Cost of Goods Sold for the month for this business?

Reference no: EM133327616

Questions Cloud

What is the interest portion of the first month payment : down and sixty equal monthly payments to include interest of 6% per year. what is the interest portion of the first month payment
What are the two conceptual types of beta diversity : What are the two conceptual types of beta diversity? Imagine that a conservation agency has hired you to measure both types of beta diversity in a region
Which we assume delta accounts for all : which we assume Delta accounts for all of its leases as finance leases would be higher, lower, or the same as the amount the KPI would equal
What is meant, genetically, by population structure : After class, read paying particular attention to the description of the Biological Species Concept and the Phylogenetic Species Concept.
What is the cost of goods sold for the month : They paid the receptionist and the office secretary salaries of $2,490 and $1255. What is the Cost of Goods Sold for the month for this business
Amount for a informations director position : Make a budget where each item is established and the total amount for a informations director position per year, and the budget necessary to cover each year
Accenture expects the client to pay in full : suppose that the client has a strong credit history and Accenture expects the client to pay in full. Does this affect your answer to any of the previous
What is the main objective of his row-bot : What is the main objective of his row-bot? What animal inspiration was used to design the row bot? What materials is Jonathan thinking of using so the row-bot
How much money does the hourly payment to each employee : How much money does the hourly payment to each employee mean, projections of overtime, how much money does all the benefits (medical plans, studies, and others)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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