User Account

All Pages

What was total cost of goods sold

Assignment Help Accounting Basics
Reference no: EM133116620

Question - Assume a company's accounting records reflect the following inventories:

 

2021

2020

Raw materials inventory

$34,000

$30,000

Work in progress inventory

$2000

$5,000

Finished goods inventory

430,000

510,000

During 2021, the company added $320,000 to its work in process account during the year.

Required - What was total cost of goods sold for 2021?

Reference no: EM133116620

Questions Cloud

What is the cost of retained earnings : The next annual dividend is expected to be $2.00. The growth rate is 5%. The flotation cost is $4. What is the cost of retained earnings?
Offering you the dividends : Today you are buying a share that is offering you the following dividends: 4 EUR within 1 year, 5 EUR after 2 years, 4 EUR after 3 years. Knowing that in 3 year
How the firm utilizes the weighted average cost of capital : Describe how the firm utilizes the weighted average cost of capital (WACC).
Argumentation on the determined goodwill : Calculate the goodwill that has been explicitly explained of has Implicitly been paid in the transaction (State your assumptions). Elaborate on the acquiring co
What was total cost of goods sold : During 2021, the company added $320,000 to its work in process account during the year. What was total cost of goods sold for 2021
Extraction of molybdenum-a crucial additive : AMAX Corporation is a mining company that focuses on extraction of molybdenum-a crucial additive in the production of steel. AMAX is considering expanding its m
Finance a new project : The Frontline Corporation is planning to raise $42 million to finance a new project. Currently, the company's has a D/E ratio of .4, which will be the target fo
What is arbitrage-based forward : What is arbitrage-based forward and do arbitrage-based forward prices on a non-dividend paying stock increase or decrease as the maturity of the forward increas
Maximum probable yearly aggregate loss : Explain the term maximum probable yearly aggregate loss

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd