The Maple Corporation's cost of goods manufactured was $185,000 when its sales were $420,000 and its gross margin was $250,000. If the ending inventory of finished goods was $40,000, the beginning inventory of finished been goods must have
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- The beginning inventory of finished goods must have beenThe beginning inventory of finishing goods must have been?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?
- The Lyons Company's cost of goods manufactured was $120,000 when its sales were $360,000 and its gross margin was $220,000. If the ending inventory of finished goods was $30,000, the beginning inventory of finished goods must have been: a. $20,000 b. $50,000 c. $110,000 d. $150,000The following inventory data relate to Hometown Corp: Finished goods, ending - 75,000; Finished goods, beginning - 110,000; Work in process, ending - 80,000; Work in process, beginning - 70,000; Direct materials, ending - 95,000; Direct materials, beginning - 90,000. Revenues and costs for the period: Sales - 900,000; Cost of goods available for sale - 775,000; Total manufacturing costs - 675,000; Factory Overhead - 175,000; Direct materials used - 205,000. Calculate the Cost of Goods sold. * Your answerThe following inventory data relate to Hometown Corp: Finished goods, ending - 75,000; Finished goods, beginning - 110,000; Work in process, ending - 80,000; Work in process, beginning - 70,000; Direct materials, ending - 95,000; Direct materials, beginning - 90,000. Revenues and costs for the period: Sales - 900,000; Cost of goods available for sale - 775,000; Total manufacturing costs - 675,000; Factory Overhead - 175,000; Direct materials used - 205,000. Calculate the direct materials purchased. *
- Bonita Industries reported the following year-end information: beginning work in process inventory, S72000; cost of goods manufactured, S670000; beginning finished goods inventory, $42000; ending work in process inventory, S62000; and ending finished goods inventory, $32000. How much is Bonita's cost of goods sold for the year? A. S660000 B. $680000 C. $690000 D. $670000High return manufacturing company has a beginning finished goods inventorySheffield Corp. reported the following year-end information: beginning work in process inventory, $260000; cost of goods manufactured, $866000; beginning finished goods inventory, $322000; ending work in process inventory, $300000; and ending finished goods inventory, $344000. Sheffield Corp.'s cost of goods sold for the year is $826000. $844000. $522000. $888000.