FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Select the relevant information from the following, and calculate the cost of goods available for sale: InventoriesOpeningClosing Materials: $100$120 Work in Process: $60$30 Finished Goods:

Select the relevant information from the following, and calculate the cost of goods available for sale: InventoriesOpeningClosing Materials: $100$120 Work in Process: $60$30 Finished Goods: $500$600 Total manufacturing costs were $5390. Cost of goods available for sale is: A. $5300 B. $5320 C. $5920 D. None of the given answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Statement Analysis CFA Institute Investment Series

International Financial Statement Analysis CFA Institute Investment Series

Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie

1st Edition

ISBN: 0470287667, 978-0470287668

More Books

Students also viewed these Accounting questions

Question

★★★★★
Mitchell Corporation had income before income taxes of $195,000 in 2012. Mitchells current income tax expense is $48,000, and deferred income tax expense is $30,000. Prepare Mitchells 2012 income...

Answered: 1 week ago

Question

★★★★★
A researcher is interested in how agency and bureau directors can achieve stronger control over their organizations. Using data from 500 of these organizations, she finds a relationship between type...

Answered: 1 week ago

Question

★★★★★
=+19. Mozart. Will listening to a Mozart piano sonata make you smarter?

Answered: 1 week ago

Question

★★★★★
The accompanying chart shows the qualitative characteristics of useful accounting information. Fill in theblanks. Enhancing Qualities Fundamental Qualities Usefulness Relevance Consistency (a) (e)...

Answered: 1 week ago

Question

★★★★★
Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: In July, 27,000 meals were actually served. The...

Answered: 1 week ago

Question

★★★★★
Problem THREE Using the following information: Investment Amount Beta Hilo $ 75,000 1.75 Kona $ 55,000 .82 Lahaina $ 30,000 1.13 CALCULATE: Portfolio BETA

Answered: 1 week ago

Question

★★★★★
#3 #2 HOMEWORK #1 #1 Figure 1 Price Supply and Demand Suppose you have a demand curve for McDonalds Big Macs. Show the impact graphically (draw the graph) to illustrate the impact of each of the...

Answered: 1 week ago

Question

★★★★★
Sandhill Tar and Gravel Ltd. operates a road construction business. In its first year of operations, the company won a contract to build a road for the municipality of Cochrane West. It is estimated...

Answered: 1 week ago

Question

★★★★★
Blythe Inc. uses a perpetual inventory system and had the following activity for a single inventory item: Units Unit Cost Total Cost March 1, inventory 500 $2.50 $1,250 Purchases: March 5 250 3.50...

Answered: 1 week ago

Question

★★★★★
Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the following information in T-account form for 2019. Begin. Inv. Purchases Avail....

Answered: 1 week ago

Question

★★★★★
A firm using a niche competitive advantage _______. has an advantage that cannot be copied in the near future targets and serves a single segment of the market relies on experience curves to lower...

Answered: 1 week ago

Question

★★★★★
An insured dump truck that Harley used in business was destroyed in an accident. At the time of the accident, the adjusted basis was $10,000 and the market value was $7,500. Harley receives insurance...

Answered: 1 week ago

Question

★★★★★
Personal role: This consists of service to family and friends.

Answered: 1 week ago

Question

★★★★★
The role of life: It consists of your own service to yourself.

Answered: 1 week ago

Question

★★★★★
Competence: What knowledge, skills and attitude do I have towards what I am going to do?

Answered: 1 week ago

Previous QuestionNext Question