What was the cost of goods manufactured for the month

Assignment Help Accounting Basics
Reference no: EM132911320

Question - Last month a manufacturing company had the following operating results:

Beginning finished goods inventory $77,000

Ending finished goods inventory $54,000

Sales $449,000

Gross margin $75,000

Required - What was the cost of goods manufactured for the month?

A) $426,000

B) $351,000

C) $374,000

D) $397,000

Reference no: EM132911320

Questions Cloud

Explain why the business should record adjusting entries : Explain why the business should record adjusting entries. Parker Tools is a tool and machinery company. As an accountant of the company, you need to complete
What is Patti holding period of her partnership interest : Patti contributes equipment with a $46,400 basis and a $37,000 FMV in exchange for a partnership interest. What is Patti holding period of partnership interest
Cms promoting interoperability program : Explain how the CMS Promoting Interoperability program and its security requirements impact EHR design and use.
Can companies negotiate on certain financial aspects : To manage and minimise such types of risk, can these companies negotiate on certain financial aspects of dealing with international partners?
What was the cost of goods manufactured for the month : Last month a manufacturing company had the following operating results: What was the cost of goods manufactured for the month
What is the expected dividend yield and capital gain yield : What is its expected dividend yield and capital gain yield for this coming year? Assume that this stock is in a market equilibrium.
Record the issue of the bonds on August : The Vancouver Canucks issued ten year, $2 million bonds on August 1, 2020 with a coupon rate of 7%, at $1,864,097. Record the issue of the bonds on August
Outline three reasons why banks are regulated : Name two bank regulators and briefly explain their regulatory purpose. Provide an example. Outline three reasons why banks are regulated.
What are privacy issues with data mining : What are the privacy issues with data mining?

Reviews

Write a Review

Accounting Basics Questions & Answers

  During december received 35000 of refundable deposits

the following selected transactions relate to liabilities of interstate farm implements for december of 2013.

  Greene company uses a plantwide overhead rate with

greene company uses a plantwide overhead rate with direct-labor hours as the allocation base. use the following

  Which of the products should be processed

Wright Company produces products. If the cost of the raw material input is $85,000, which of the products should be processed beyond the split-off point?

  How much is the depletion charge for radio co

How much is the depletion charge in 2025? In 2021, Radio Co. acquired land for a total cost of ?40,000,000 to be used to quarry marble

  What amount of gain or loss should Bonita recognize

Sandhill s machine has a book value of $788400. What amount of gain or loss should Bonita recognize on the exchange

  What is the purpose of tax planning

What is the purpose of tax planning? How do we conduct tax planning? How could tax planning lead to unethical behavior? - Answer in 150-200 words

  How much would profits increase or decrease

If Cane discontinues the Beta product line, how much would profits increase or decrease

  Prepare a trial balance for february

Post the January journal entries to the following T-Accounts and compute ending balances. Prepare a trial balance for February in the space below

  What recommendation should be made to the controller

what recommendation should be made to the controller, Prepare a monthly cash budget and supporting schedules for August

  Tony and suzie are ready to expand great adventures even

tony and suzie are ready to expand great adventures even further in 2013. tony believes that many groups in the

  Assuming that the equipment is classified

Compute the amount of depreciation expense that is deductible under MACRS for 2013 and 2014, assuming that the equipment is classified as five year property.

  Describe investments in global markets

Imagine that you are the CFO of a U.S.-based international manufacturing company. Propose two (2) actions that you would take in order to defend the difference

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