Please answer the following questions Unimart Precision Manufacturing Beginning inventory Merchandise $ 194,000 Finished goods $ 388,000 Cost of purchases 560,000 Cost of goods manufactured 790,000 Ending inventory Merchandise 94,000 Finished goods 88,000 Compute cost of goods sold for each of these two companies for the year Options for 1st one Cost of goods manufactured Finished goods inventory, beginning Finished goods inventory, ending Merchandise inventory, beginning Merchandise inventory, ending Merchandise purchases Options for the 1st (2nd part) Add Cost of goods manufactured Add Merchandise purchases Less Cost of goods manufactured Less Merchandise purchases Options for the 2nd Add Finished goods inventory, ending Add Merchandise inventory, ending Less Finished goods inventory, ending Less Merchandise inventory, ending Options for the 1st one Cost of goods manufactured Finished goods inventory, beginning Finished goods inventory, ending Merchandise inventory, beginning Merchandise inventory, ending Merchandise purchases Options for the 1st (2nd part) Add Cost of goods manufactured Add Merchandise purchases Less Cost of goods manufactured Less Merchandise purchases Options for the 2nd one Add Finished goods inventory, ending Add Merchandise inventory, ending Less Finished goods inventory, ending Less Merchandise inventory, ending Merch Business Mfg Business Compute cost of goods sold for the company year in Merchandising Business UNIMART Computation of Cost of Goods Sold Cost of goods sold Goods available for sale Cost of goods sold Merch Business Mfg Business Compute cost of goods sold for the company year in Manufacturing Business PRECISION MANUFACTURING Computation of Cost of Goods Sold Cost of goods sold Goods available for sale Cost of goods sold March Business Mfo Busines

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 18, 2024

Please answer the following questions Unimart Precision Manufacturing Beginning inventory Merchandise $ 194,000 Finished goods $ 388,000 Cost of purchases 560,000 Cost of goods manufactured

Please answer the following questions

	Unimart			Precision Manufacturing
Beginning inventory
Merchandise		$	194,000
Finished goods					$	388,000
Cost of purchases			560,000
Cost of goods manufactured						790,000
Ending inventory
Merchandise			94,000
Finished goods						88,000

Compute cost of goods sold for each of these two companies for the year. image text in transcribed

Options for 1st one

Cost of goods manufactured
Finished goods inventory, beginning
Finished goods inventory, ending
Merchandise inventory, beginning
Merchandise inventory, ending
Merchandise purchases

Options for the 1st (2nd part)

Add: Cost of goods manufactured
Add: Merchandise purchases
Less: Cost of goods manufactured
Less: Merchandise purchases

Options for the 2nd

Add: Finished goods inventory, ending
Add: Merchandise inventory, ending
Less: Finished goods inventory, ending
Less: Merchandise inventory, ending

image text in transcribed

Options for the 1st one

Cost of goods manufactured
Finished goods inventory, beginning
Finished goods inventory, ending
Merchandise inventory, beginning
Merchandise inventory, ending
Merchandise purchases

Options for the 1st (2nd part)

Add: Cost of goods manufactured
Add: Merchandise purchases
Less: Cost of goods manufactured
Less: Merchandise purchases

Options for the 2nd one

Add: Finished goods inventory, ending
Add: Merchandise inventory, ending
Less: Finished goods inventory, ending
Less: Merchandise inventory, ending

Merch Business Mfg Business Compute cost of goods sold for the company year in Merchandising Business. UNIMART Computation of Cost of Goods Sold Cost of goods sold: Goods available for sale Cost of goods sold Merch Business Mfg Business Compute cost of goods sold for the company year in Manufacturing Business. PRECISION MANUFACTURING Computation of Cost of Goods Sold Cost of goods sold Goods available for sale Cost of goods sold March Business Mfo Busines