Quantity (Product X) - 1,200.00 Quantity (Product Y) - 1,800.00 Purchase cost per unit (Product X) - 70.00 Purchase cost per unit (Product Y) - 90.00 Cash discount taken for both products – 10% Freight cost from supplier (Product X) 10.00 Freight cost from supplier (Product Y) 30.00 Estimated selling price (Product X) 120.00 Estimated selling price (Product Y) 150.00 Estimated selling costs (Product X) 22.00 Estimated selling costs (Product Y) 35.00 General and administrative (Product X) 15.00 General and administrative (Product Y) 21.00 Cost of goods sold per record – 385,800 After considering the relevant information, determine the correct cost of goods sold to be presented in its financial performance statement.
needed in 10 minutes
Quantity (Product X) - 1,200.00
Quantity (Product Y) - 1,800.00
Purchase cost per unit (Product X) - 70.00
Purchase cost per unit (Product Y) - 90.00
Cash discount taken for both products – 10%
Freight cost from supplier (Product X) 10.00
Freight cost from supplier (Product Y) 30.00
Estimated selling price (Product X) 120.00
Estimated selling price (Product Y) 150.00
Estimated selling costs (Product X) 22.00
Estimated selling costs (Product Y) 35.00
General and administrative (Product X) 15.00
General and administrative (Product Y) 21.00
Cost of goods sold per record – 385,800
After considering the relevant information, determine the correct cost of goods sold to be presented in its financial performance statement.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
