Advanced Accounting
14th Edition
ISBN: 9781260247824
Author: Joe Ben Hoyle, Thomas F. Schaefer, Timothy S. Doupnik
Publisher: RENT MCG
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Textbook Question
Chapter 5, Problem 12P
What is the total of consolidated cost of goods sold?
- a. $140,000
- b. $152,000
- c. $132,000
- d. $145,000
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Students have asked these similar questions
How much will be the cost per kilo of A if the freight share is base on invoice
price
FREIGHT IN ALLOCATION
FREIGHT IN COST
480,000.00
Invoice Price
A
3,000.00
B
2,000.00
C
1,000.00
Total
6,000.00
147.00
196.00
163.33
506.33
250,000.00
150,000.00
100,000.00
500,000.00
Kilo
Cost of goods sold :-
Sales - gross profit = 1000000 - 400000 = 600000
Calculation of total expenses:- (Depreciation + advertisement exp. + Rent + salaries + commission + other exp. ) = (80000 + 60000 + 15000 + 56000 + 5000 + 7000) = 223000
Calculation of Gross profit margin:- Formula = sales - cost of goods sold
= 1000000 - 600000
= 400000
Calculation of gross profit percentage margin:-Formula = (Gross profit margin / sales)*100
= (400000 / 1000000)*100
= 40%
Calculation of net profit margin:- Formula = Gross profit - total expenses
= 400000 - 223000
= 177000
Calculation of net profit percentage margin: - Formula = (Net profit / Net Sales)*100%
= (117 000/ 1 000 000) *100
= %17.7
Calculation of Current Ratio: - Formula = Current Assets / Current Liabilities
= 135 000/ 47 000
= 2.87 : 1
Calculation of Acid Test Ratio: - Formula = Liquid Assets / Current Liabilities
Liquid Assets = Cash + Accounts Receivables
= 100 000 + 20 000 = 120 000
Acid Test ratio = 120 000/ 47 000 = 2.55 : 1…
cost of P500,000.
Required:
Compute the cost charged to cost of goods sold.
а.
b.
Chapter 5 Solutions
Advanced Accounting
Ch. 5 - Prob. 1QCh. 5 - Prob. 2QCh. 5 - Prob. 3QCh. 5 - Prob. 4QCh. 5 - James, Inc., sells inventory to Matthews Company,...Ch. 5 - Prob. 6QCh. 5 - Prob. 7QCh. 5 - Prob. 8QCh. 5 - Prob. 9QCh. 5 - Prob. 10Q
Ch. 5 - Prob. 11QCh. 5 - Prob. 12QCh. 5 - Prob. 13QCh. 5 - Prob. 1PCh. 5 - Prob. 2PCh. 5 - Prob. 3PCh. 5 - Prob. 4PCh. 5 - Prob. 5PCh. 5 - Prob. 6PCh. 5 - Prob. 8PCh. 5 - Prob. 11PCh. 5 - What is the total of consolidated cost of goods...Ch. 5 - Prob. 13PCh. 5 - Prob. 14PCh. 5 - Prob. 15PCh. 5 - What is the consolidated total for inventory at...
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