Pederson Company reported the following: Manufacturing costs Units manufactured Units sold sold for $75 per unit Beginning inventory Select one: $2,000,000 50,000 47,000 units What is the amount of ending finished goods inventory? a. $1,880,000 b. they are all wrong c. $225,000 O d. $105,000 0 units

Q: Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be…

A: Material cost = $11  Labor cost = $4 Overhead cost = $7,000 Interest in March = $8,200 Employee…

Q: A manufacturing company has a beginning finished goods inventory of $16,600, raw material purchases…

A: Cost of goods sold is the cost of units sold during the period. It is the difference between cost…

Q: None

A: Correct option:B. $890,000 Show formula version of the detailed solution sheet for a better…

Q: The following data is available for period 9. Opening inventory 10,000 units Closing inventory…

A: The marginal costing is used to find net income with fixed costs are considered being constant.

Q: Question:234 Given the following data. Beginning Inventory in Units - 0 Units produced - 4,800 Units…

A: To find the difference between the variable costing ending inventory cost and the absorption costing…

Q: The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material…

A: Ending inventory is the amount of inventory that an entity has on hand at the end of the period. It…

Q: Problem

A: Variable cost =( material cost+variable conversion cost)/units produced =($96,000 + $48,000)/4,800 =…

Q: Jax Incorporated reports the following data for its only product. The company had no beginning…

A: Absorption costing is also known as full costing. It considers direct materials, direct labor,…

Q: Belle Company reports the following information for the current year. All beginning inventory amount…

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

Q: The following data relates to Mandarin Company. Line Item Description Units in beginning inventory…

A: Absorption costing method :— Under this method, product cost is calculated by adding direct…

Q: 12 Jax Incorporated reports the following data for its only product. The company had no beginning…

A: The gross profit is the excess of revenue over the cost of goods sold. It is also the amount…

Q: Figure out what the Cost of Goods Sold is for the order placed for FIFO LIFO and…

A: 1. FIFO Method - Under FIFO Method, Inventory purchased first is sold first. 2. LIFO Method - Under…

Q: 4. How many units must have been completed and transferred if beginning inventory was 75,000 units,…

A: In the process costing, Those units are transferred to finished goods which units are fully…

Q: Costmore Manufacturing has provided the following operating results for its first year operations:…

A: Under absorption costing, both fixed and variable manufacturing costs are included in the product…

Q: Haresh

A: Under FIFO (first-in, first-out), the assumption is that goods that were first purchased are sold…

Q: Keyser Corporation, which has only one product, has provided the following data concerning its most…

A: The gross profit is calculated as the difference between the sales and cost of goods sold. The…

Q: What is the beginning balance of Finished Goods Inventory

A: Cost of Goods Manufactured: Cost of goods manufactured is the total production expense or production…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.