Kennedy Inc has $23,800 of ending finished goods inventory as of Dec. 31, 2013. If beginning finished goods inventory was $16,300 and COGS was $72,000, how much would Kennedy report for cost of goods manufactured.Answer this question.
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Kennedy Inc has $23,800 of ending finished goods inventory as of Dec. 31, 2013. If beginning finished goods inventory was $16,300 and COGS was $72,000, how much would Kennedy report for cost of goods manufactured.Answer this question.
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- Brambie Corp. has 240000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inventory was 18000 and costs of goods sold was 53000, how much would Brambie report for cost of goods manufactured?2)Sheridan Company has $21000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $15000 and cost of goods sold was $50000, how much would Sheridan report for cost of goods manufactured? a) $56000 b) $44000 C) $71000 d) $15000During July 2014, Leesburg, Inc., sold 250 units of its product Empire for $4,000. The following units were available (see image). A sale of 250 units was made after purchase 3. Of the units sold, 100 came from begin-ning inventory and 150 came from purchase 3.Determine cost of goods available for sale and ending inventory in units. Then determine the costs that should be assigned to cost of goods sold and ending inventory under each of the following assumptions: (For each alternative, show the gross margin. Round unit costs to the nearest cent and totals to dollars.) 1.Costs are assigned under the periodic inventory system using (a) the specific iden-tification method, (b) the average-cost method, (c) the FIFO method, and (d) the LIFO method. 2.Costs are assigned under the perpetual inventory system using (a) the average-cost method, (b) the FIFO method, and (c) the LIFO method.
- The Lakandula Company's Cost of Goods Manufactured was P240,000. Its total sales amounted to P720,000 and Gross Profit was P440,000. If the ending inventory of Finished Goods was P60,000, how much is beginning inventory of Finished Goods?A firm has beginning inventory of 150 units at a cost of $10 each. Production during the period was 650 units at $13 each. If sales were 600 units, what is the cost of goods sold (assume FIFO)? What is the value of the ending inventory using FIFO? Show your work I also want to learn how to get the answer to this, can you please help provide how you got the answers.Swifty Corporation has $18000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inventory was $13000 and cost of goods sold was $50000, how much would Swifty report for cost of goods manufactured? $13000 $55000 $45000 $68000
- Using FIFO, a company with beginning inventory of 200 units at $5 each and purchases of 300 units at $6 each sells 250 units. What is the cost of goods sold?Please provide correct answer solutionIn 2021, the BowWow Company purchased 19,910 units from its supplier at a cost of $13.00 per unit. BowWow sold 10,060 units of its product in 2021 at a price of $21.00 per unit. BowWow began 2021 with $999,430 in inventory (inventory is carried at a cost of $13.00 per unit). Using this information, compute BowWow's gross profit for 2021. Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $1,234,567.89 as 1234568.
- In 2021, the BowWow Company purchased 17,970 units from its supplier at a cost of $10.00 per unit. BowWow sold 16,230 units of its product in 2021 at a price of $20.00 per unit. BowWow began 2021 with $995,910 in inventory (inventory is carried at a cost of $10.00 per unit). Using this information, compute BowWow's gross profit for 2021. Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $1,234,567.89 as 1234568. Your Answer:Bramble Company reports the following for the month of June. Assume a sale of 500 units occurred on June 15 for a selling price of $12 and a sale of 450 units on June 27 for $13 . a1. Calculate cost of goods available for sale. The cost of goods available for sale a2. Calculate Moving-Average unit cost for June 1,12,15,23 & 27 a3. Calculate the cost of the amount ending inventory and the cost of goods sold for each cost flow assumption using a perpetual inventory systemHansaben