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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.

image text in transcribed

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:

image text in transcribed

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:

image text in transcribed

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

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