Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ender March 31st: Beginning Inventory for Raw Materials Ending Inventory for Raw Materials Beginning Inventory for Work in Process Ending Inventory for Work in Process Beginning Inventory for Finished Goods Ending Inventory for Finished Goods Purchases of Raw Materials Wages paid to assembly line workers Wages paid to factory supervisor $64,000 $50,600 $90,000 OA. $190,100 OB. $204,500 OC. $193,100 OD. $201.100 $101,000 $47,000 $57,000 $49,000 $119,000 $27,000 $4,900 $9,100 $3,100 $525,000 $135,000 Property insurance paid on factory Utilities for the factory Indirect materials used in production Sales Revenue General & Administrative Expenses Calculate cost of goods sold for Zoolander Inc.'s first quarter.

Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ender March 31st: Beginning Inventory for Raw Materials Ending Inventory for Raw Materials Beginning Inventory for Work in Process Ending Inventory for Work in Process Beginning Inventory for Finished Goods Ending Inventory for Finished Goods Purchases of Raw Materials Wages paid to assembly line workers Wages paid to factory supervisor $64,000 $50,600 $90,000 OA. $190,100 OB. $204,500 OC. $193,100 OD. $201.100 $101,000 $47,000 $57,000 $49,000 $119,000 $27,000 $4,900 $9,100 $3,100 $525,000 $135,000 Property insurance paid on factory Utilities for the factory Indirect materials used in production Sales Revenue General & Administrative Expenses Calculate cost of goods sold for Zoolander Inc.'s first quarter.

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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