Question
Please solve all three question and include all calculation with explanation! All steps please! Would rate it right away! Question 1 Using the following data,
Please solve all three question and include all calculation with explanation! All steps please! Would rate it right away! Question 1
Using the following data, calculate the cost of goods sold.
The cost of goods sold
a. $17,000
b. $11,000
c. $16,000
d. $23,000
Question 2
Using the following data, calculate the selling and administrative expenses:
Selling and administrative expenses are
a. $12,000
b. $27,000
c. $23,000
d. $7,000
Question 3
The Hammond Company has provided the following data for the month of October:
The ending raw materials inventory is:
a. $1,000
b. $11,000
c. $7,000
d. $15,000
SalesBeginningfinishedgoodsinventoryCostofgoodsmanufacturedEndingfinishedgoodsinventoryCostofgoodssoldGrossmarginSellingandadministrativeexpensesNetincome$40,000?$16,000$5,000?$17,000?$10,000 SalesBeginningfinishedgoodsinventoryCostofgoodsmanufacturedEndingfinishedgoodsinventoryCostofgoodssoldGrossmarginSellingandadministrativeexpensesNetincome$40,000?$16,000$5,000?$17,000?$10,000
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