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During its first year of operations, Pixar Company paid $4,000 for direct materials and $19,000 for production workers' wages. Lease payments and utilities on
During its first year of operations, Pixar Company paid $4,000 for direct materials and $19,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $17,000 while general, selling, and administrative expenses totaled $8,000. The company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit. What is the amount of finished goods inventory on the balance sheet at year-end? $20,000 $16,000 O $4,000 O $10,000 Helium Company paid $11,625 for direct materials and $11,000 for production workers' wages in 2020. Lease payments and utilities on the production facilities amounted to $10,000 while general, selling, and administrative expenses totaled $3,500. The company produced 7,250 units and sold 4,500 units at a price of $7.00 a unit. What is the amount of finished goods inventory on the balance sheet at year-end? O $11,250 O $6188 $12,375 O $2750 Sainthood Halos paid $10,000 for direct materials and $11,500 for production workers' wages. Lease payments and utilities on the production facilities amounted to $10,500 while general, selling, and administrative expenses totaled $3,000. The company produced 8,000 units and sold 5,000 units at a price of $6.20 a unit. What is Sainthood's cost of goods sold for the year? $15,313 $24,500 $32,000 $20,000
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