Brief Exercise 2-3 Cost of Goods Sold Refer to Brief Exercise 2-2. Bob’s Bistro expects to produce 50,000 units and sell 50,500 units. Beginning inventory of fin-ished goods is $13,000, and ending inventory of finished goods is expected to be $10,000. Required: 1. Prepare a statement of cost of goods sold in good form. 2. What if the beginning inventory of finished goods increased by $4,000? What would be the effect on the cost of goods sold? Brief Exercise 2-4 Income Statement Refer to Brief Exercises 2-2 and 2-3. Next year, Bob’s Bistro expects to produce 50,000 units and sell 50,500 units at a price of $20.00 each. Beginning inventory of finished goods is $13,000, and ending inventory of finished goods is expected to be $10,000. Total selling expense is projected at $130,000, and total administrative expense is projected at $154,000.
Brief Exercise 2-3 Cost of Goods Sold Refer to Brief Exercise 2-2. Bob’s Bistro expects to produce 50,000 units and sell 50,500 units. Beginning inventory of fin-ished goods is $13,000, and ending inventory of finished goods is expected to be $10,000. Required: 1. Prepare a statement of cost of goods sold in good form. 2. What if the beginning inventory of finished goods increased by $4,000? What would be the effect on the cost of goods sold? Brief Exercise 2-4 Income Statement Refer to Brief Exercises 2-2 and 2-3. Next year, Bob’s Bistro expects to produce 50,000 units and sell 50,500 units at a price of $20.00 each. Beginning inventory of finished goods is $13,000, and ending inventory of finished goods is expected to be $10,000. Total selling expense is projected at $130,000, and total administrative expense is projected at $154,000.
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