Cost of goods sold—merchandiser and manufacturer The following data were taken from the general ledgers and other data of Alpha Manufacturing, Inc., and Bravo Merchandis- ing Co. on April 30 of the current year: Merchandise inventory, April 1 . ................................. $ 38,000 Finished goods, April 1 . . . ....................................... 67,000 Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121,000 Cost of goods manufactured . . . . . . .............................. 287,000 Merchandise inventory, April 30 ................................. 33,000 Finished goods, April 30 . . . . .................................... 61,000 LO1 LO3 54 Principles of Cost Accounting Required: 1. Compute the cost of goods sold for Bravo Merchandising Co., selecting the appropriate items from the previous list. 2. Compute the cost of goods sold for Alpha Manufacturing, Inc., selecting the appropriate items from the previous list.
Cost of goods sold—merchandiser and manufacturer
The following data were taken from the general ledgers and
other data of Alpha Manufacturing, Inc., and Bravo Merchandis-
ing Co. on April 30 of the current year:
Merchandise inventory, April 1 . ................................. $ 38,000
Finished goods, April 1 . . . ....................................... 67,000
Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121,000
Cost of goods manufactured . . . . . . .............................. 287,000
Merchandise inventory, April 30 ................................. 33,000
Finished goods, April 30 . . . . .................................... 61,000
LO1
LO3
54 Principles of Cost Accounting
Required:
1. Compute the cost of goods sold for Bravo Merchandising Co.,
selecting the appropriate items from the previous list.
2. Compute the cost of goods sold for Alpha Manufacturing,
Inc., selecting the appropriate items from the previous list.
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