Question
Unimart Precision Manufacturing Beginning inventory Merchandise $ 343,000 Finished goods $ 686,000 Cost of purchases 510,000 Cost of goods manufactured 880,000 Ending inventory Merchandise 243,000
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| Unimart | Precision Manufacturing | ||||||
| Beginning inventory |
|
|
|
|
|
|
|
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| Merchandise |
| $ | 343,000 |
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|
|
|
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| Finished goods |
|
|
|
|
| $ | 686,000 |
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| Cost of purchases |
|
| 510,000 |
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|
|
|
|
| Cost of goods manufactured |
|
|
|
|
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| 880,000 |
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| Ending inventory |
|
|
|
|
|
|
|
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| Merchandise |
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| 243,000 |
|
|
|
|
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| Finished goods |
|
|
|
|
|
| 237,000 |
|
Compute cost of goods sold for each of these two companies for the year.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
