A firm had beginning finished goods inventory of 20,000; its cost of goods manufactured was 75,000; its gross margin was 80,000; and its sales were 140,000. The ending finished goods inventory was: *

Q: If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select…

A: The objective of the question is to calculate the gross profit given the cost of goods sold and the…

Q: 20. Hardigan Manufacturing Company reported the folowing year end information Beginning work in…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Given that the cost of goods completed was $57 000, sales $80 000, finished goods at start $3 200…

A: Gross profit = Sales - (Beginning finished goods + cost of goods completed - Ending finished goods)…

Q: If the cost of goods sold is $100,000 and the ending finished goods inventory is$30,000 higher than…

A: Cost of goods manufactured: Cost of goods manufactured means total manufacturing costs; including…

Q: Year 1 financial data for the ABC Company is as follows:Sales $5,000,000 ,Direct materials 850,000…

A: Cost of goods sold: Cost of goods sold is the accumulate total of all direct cost incurred in…

Q: Hernando​ Manufacturing, Inc. reported the following information for the​ year:   Number of Units…

A: Unit Product Cost = Cost of Goods Manufactured / Number of Units Produced

Q: 6. Using the information below, calculate cost of goods sold for the period: Sales revenues for the…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: A company reports the following information for the current year: Units Produced (25,000)< Units…

A: Under absorption  costing  FOH is absorbed on units produced  during  year

Q: If the net sales 159 150 ID , beginning -1 finished goods inventory 16 500 ID „Cost of goods…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: Pederson Company reported the following: Manufacturing costs Units manufactured Units sold sold for…

A: Ending finished goods inventory is calculated by multiplying average manufacturing cost per unit by…

Q: 20. Hardgan Manufacturing Company reported the fowing yend infomation Beginning work in process…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Calculate the cost of goods sold when beginning finished goods inventory equals $70,000, ending…

A: We have the following information: Beginning Finished Goods Inventory: $70,000 Ending Finished…

Q: If Sales revenue is SR 26,000, beginning finished goods inventory is SR 8,000, ending finished goods…

A: Cost of goods sold: All the expenses that are incurred in making a product are called Cost of Goods…

Q: 4) Pederson Company reported the following: Manufacturing costs Units manufactured Units sold…

A: Manufacturing costs include direct material, direct labor and other manufacturing costs. The…

Q: Assume the following information for a product line: Sales $700,000 Variable cost of goods sold…

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000…

A: This question deals with calculation of gross margin for the company. Gross margin means a margin…

Q: X Company had $80,000 of ending finished goods inventory, beginning finished goods inventory was…

A: Cost of goods manufactured = Cost of goods sold + Ending inventory - Beginning inventory

Q: The following is the year ended data for Tiger​ Company:   Sales Revenue $57,000 Cost of Goods…

A: The cost of goods available for sale seems to be the expense of total products manufactured…

Q: Using the information below, calculate gross profit for the period. Sales $1,264,000 Selling…

A: Gross profit :— Gross profit is the profit of a business makes after subtracting all the costs that…

Q: Raw Material Consumed is 25000 OMR, Prime cost is 338000 OMR, Cost of Production is 471800 OMR, cost…

A: Cost of goods available for sale means the cost of opening finished goods and total cost of goods…

Q: The parts department shows gross sales of $116,000 and cost of goods sold of $38,000. What is the…

A: Gross profit is the profit which is available after deducting the cost incurred in the manufacturing…

Q: The following is the year ended data for Baker​ Company:   Sales Revenue $156,000 Cost of Goods…

A: Cost of goods available for​ sale: The cost of goods available for sale is the total cost incurred…

Q: Vera Ltd had beginning finished goods inventory of £35,000; its cost of goods manufactured was…

A: Cost of goods sold = Sales - Gross profit  Cost of goods sold = 150,000 - 22,000 Cost of goods sold…

Q: (a) Calculate Economic Order Quantity from the following information: Annual Consumption Ordering…

A: The problem consists of two subparts so we will solve each in a separate step.

Q: ware Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units…

A: Manufacturing cost consist of costs which are incurred during the process of production and it…

Q: The following is the year ended data for Tiger​ Company:   Sales Revenue $56,000 Cost of Goods…

A: Cost of Goods sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending…

Q: Calculate the direct material from the following information: Direct expenses RO 90,000, Direct…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The related data of Rolene Company:                                          Net income…

A: Question is based on the concept of Accounting

Q: Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000…

A: Ending inventory in units = No. of units manufactured - no. of units sold = 50000 - 47000 = 3000…

Q: Evans Company reported the following: Manufacturing costs Units manufactured Units sold Beginning…

A: INCOME STATEMENTIncome Statement is one of the Important Financial Statements of the Company. Income…

Q: The following is the year ended data for Tiger​ Company:   Sales Revenue $58,000 Cost of Goods…

A: Cost of Goods sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending…

Q: ending inventories. The contribution margin for November was: Sales... $440,000 $60.000 Variable…

A: I am answering the first question as per bartleby policies. Please re-submit the remaining questions…

Q: A company’s standard product cost is $9 per unit. Actual production costs were $11 per unit. The…

A: Cost of goods sold = No. of units sold x Actual production costs per unit