Question
Hello everyone! I need some help pls for Principle Cost Accounting 1) Cost of Good Sold-Merchandiser and Manufacturer The foolowing data were taken from the
Hello everyone! I need some help pls for Principle Cost Accounting
1) Cost of Good Sold-Merchandiser and Manufacturer
The foolowing data were taken from the general ledgers and other sources of Charlie Manufacturing Inc. and Delta Merchandising Co. on April 30 of the current year:
Merchendise Inventory April 1 .........$38,000
Finished good. April 1.....................$67,000
Purchases....................................$121,000
Cost of goods manufactured...........$287,000
Merchandise inventory, april 30.......$33,000
Finished goods, April 30.................$61,000
Required:
1. Compute the cost of goods sold for Delta Merchandising Co. selecting the appropriate items from the previous list.$__________
2. Compute the cost of goods sold for Charlie Manufacturing Inc. selecting the appropriate items from the previous list.
$____________
2) Cost of Goods Sold Merchandiser
The foolowing data were taken from the general ledger of Donald Merchandisers on January 31, the end of the first month of operations in the current fiscal year:
Merchandise Inventory, January 1....................................$22,000
Purchase,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,$183,000
Merchandise Inventory, January 31.................................$17,000
Compute the cost of goods sold for the month of January .
$____________________
3) Cost of Goods sold - Merchendiser and Manufacturer
The following data were taken from the general ledgers and sources of Allen Manufacturing Inc. and Brown Merchandising Co. on September 30 of the current year:
Merchandise Inventory, September 1..................................$33,000
Finished goods, September 1............................................$61,000
Purchases.......................................................................$111,000
Cost of goods manufactured..............................................$267,000
Merchandise inventory, September 30................................$38,000
Finished good, September 30............................................$67,000
Required:
1, Compute the cost of goods sold for Brown Merchandising Co. selecting the appropriate items from the privious list
2. Compute the cost of goods sold for Allen Manufacturing Inc. selecting the appropriate items for the previous list
4) Cost of Goods Manufacturer
the foolowing data were taken from the general ledger and other data of Terry Manufacturing on July 31
Finished Goods July 1..........................................$85,000
Cost of goods manufactured in July 1....................$343,000
Finished goods, 31..............................................$93,000
Compute the cost of goods sold for the month of July $__________
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started