What is the cost of goods sold for the period

Assignment Help Financial Management

Reference no: EM13987935

A company had beginning inventories as follows: Direct Materials, $900; Work-in-Process, $1,100; Finished Goods, $1,900. It had ending inventories as follows: Direct Materials, $1,000; Work-in-Process, $1,200; Finished Goods, $2,000. Material Purchases (net including freight) were $4,400, Direct Labor $5,100, and Manufacturing Overhead $5,800. What is the Cost of Goods Sold for the period?

Reference no: EM13987935

Questions Cloud

Total of ten consecutive cash flows : Suppose you deposit $529 five years from today and each year thereafter deposit $529 for a total of ten consecutive cash flows (CF's); i.e. ten consecutive annual CF's beginning five years (t = 5) from today. Calculate the present value today (t = 0)..

Effect of preferred stock dividends : What guidance does the SEC provide for public companies with respect to the reporting of the "effect of preferred stock dividends and accretion of carrying amount of preferred stock on earning per share?

Estimate the sream flow rate and compositions : For a production rate of 1250kg/h M.E.K- draw a flowsheet for the process and estimate the sream flow rate and compositions.

Acting is considered as a good profession : in your opinion, is acting considered a "good" profession (regardless of the gender) or does it still have a taint of immorality attached to it?

What is the cost of goods sold for the period : A company had beginning inventories as follows: Direct Materials, $900; Work-in-Process, $1,100; Finished Goods, $1,900. It had ending inventories as follows: Direct Materials, $1,000; Work-in-Process, $1,200; Finished Goods, $2,000. Material Purchas..

Calculate the value of the closing inventory : Calculate the value of the closing inventory using the (a) FIFO method (b) LIFO method (c) weighted average method.

Accretion of carrying amount of preferred stock : What guidance does the SEC provide for public companies with respect to the reporting of the "effect of preferred stock dividends and accretion of carrying amount of preferred stock on earning per share?

Desirable characteristics-would reduce transaction exposure : What factors affect a firm's degree of transaction exposure in a particular currency? For each factor, explain the desirable characteristics that would reduce transaction exposure.

Recently issued new common stock : The Cavendish Company recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. This action had no effect on the company's total assets or operating income. Which of the following effects would occur as a..

User Account

All Pages