If the beginning finished goods -9inventory 90 000 ID, ending finishedgoods inventory 65 000 ID,overhead expenses 18 000 ID ,cost ofgoods manufacturing 431 00O ID ,the-: cost of goods sold is654 000 ID. O546 000 ID. O456 000 ID .00 OIf the sales revenue 830 000 ID, - 10sales returns 12 000 ID , salesallowance and discount 28 000 ID-: ,the net sales is

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Description: If the beginning finished goods -9inventory 90 000 ID, ending finishedgoods inventory 65 000 ID,overhead expenses 18 000 ID ,cost ofgoods manufacturing 431 00O ID ,the-: cost of goods sold is654 000 ID. O546 000 ID. O456 000 ID .00 OIf the sales rev

Cost of goods sold:-It is the cost of producing goods which involve all direct cost whether fixed or…

Business

Accounting

If the beginning finished goods -9 inventory 90 00O ID, ending finished goods inventory 65 000 ID, overhead expenses 18 000 ID ,cost of goods manufacturing 431 000 ID ,the -: cost of goods sold is 654 000 ID. 546 000 ID. 456 000 ID .00 O If the sales revenue 830 000 ID , - 10 sales returns 12 000 ID , sales allowance and discount 28 000 ID -: ,the net sales is

If the beginning finished goods -9 inventory 90 00O ID, ending finished goods inventory 65 000 ID, overhead expenses 18 000 ID ,cost of goods manufacturing 431 000 ID ,the -: cost of goods sold is 654 000 ID. 546 000 ID. 456 000 ID .00 O If the sales revenue 830 000 ID , - 10 sales returns 12 000 ID , sales allowance and discount 28 000 ID -: ,the net sales is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Given the information below, what is the gross profit? Sales revenue Accounts receivable Ending inventory Cost of goods sold Sales returns Multiple Choice $76,000 $197,000 $79,000 $106,000 $ 345,000 60,000 118,000 239,000 30,000
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If the sales revenue 830 000 ID, - 10 sales returns 12 000 ID , sales allowance and discount 28 000 ID ,the net sales is 709 000 ID . ) 790 000 ID. O 970 000 ID . O :-
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V Company's net income computed by the Full Costing Method was Php6,400.00 and its net income computed by the Variable Costing Method was Php9,100.00. The company's unit cost was Php17.00 under Variable Costing Method and Php20.00 under Full Costing Method. If ending inventory consisted of 2,100 units, the beginning inventory in units must have been? 1,200 units O 4,800 units 2,100 units 3,000 units
Financial information is presented below: Operating expenses Sales returns and allowances 3000 Sales discounts Sales revenue Cost of goods sold The gross profit rate would be 0.40. 0.60. 0.44. $ 45000 0.38. 8000 180000 101000
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Assume the following information for a merchandising company: Number of units sold Selling price per unit. Variable selling expense per unit Variable administrative expense per unit Fixed administrative expenses Beginning merchandise inventory Ending merchandise inventory Merchandise purchases What is the amount of total variable expenses? 20,700 $ 30 $ 3 $2 $ 50,000 $ 24,000 $ 19,000 $ 341,000
A company reported the following: Cost of Goods Sold General, Selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue Sales Discounts Sales Returns & Allowances What is the amount of gross profit? Multiple Choice $108,360 $98,950 $121,000 $203, 200 53,120 3,920 16,500 26,080 292,000 3,040 2,640
The following is the year ended data for Tiger Company: Sales Revenue $58,000 Cost of Goods Manufactured 21,000 Beginning Finished Goods Inventory 1,100 Ending Finished Goods Inventory 2,200 Selling Expenses 15,000 Administrative Expenses 3,900 What is the gross profit? A. $22,100 B. $38,100 C. $19,200 D.
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