Sales revenue Rent revenue Raw material purchases Energy consumption in production Energy consumption in headquarters Factory/machinery depreciation Direct labor costs Indirect labor costs Salaries for headquarters personnel Raw materials (opening yearly balance-500.000) Work-in process Finished goods Cost of goods sold Beginning Within Ending 4,000,000.00 500,000.00 4,500,000.00 220,000.00 20,000.00 240,000.00 2,000,000.00 200,000.00 2,200,000.00 40,000.00 440,000.00 400,000.00 55,000.00 5,000.00 60,000.00 28,000.00 2,000.00 30,000.00 880,000.00 120,000.00 1,000,000.00 600,000.00 100,000.00 800,000.00 90,000.00 300,000.00 1,200,000.00 500,000.00 1,900,000.00 ? 700,000.00 890,000.00 400,000.00 1,000,000.00 900,000.00 ? Suppose that the table belongs to a firm's December transactions. What are the Cost of Goods Manufactured and Cost of Goods Sold?

Sales revenue Rent revenue Raw material purchases Energy consumption in production Energy consumption in headquarters Factory/machinery depreciation Direct labor costs Indirect labor costs Salaries for headquarters personnel Raw materials (opening yearly balance-500.000) Work-in process Finished goods Cost of goods sold Beginning Within Ending 4,000,000.00 500,000.00 4,500,000.00 220,000.00 20,000.00 240,000.00 2,000,000.00 200,000.00 2,200,000.00 40,000.00 440,000.00 400,000.00 55,000.00 5,000.00 60,000.00 28,000.00 2,000.00 30,000.00 880,000.00 120,000.00 1,000,000.00 600,000.00 100,000.00 800,000.00 90,000.00 300,000.00 1,200,000.00 500,000.00 1,900,000.00 ? 700,000.00 890,000.00 400,000.00 1,000,000.00 900,000.00 ? Suppose that the table belongs to a firm's December transactions. What are the Cost of Goods Manufactured and Cost of Goods Sold?

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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