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Viking Retail Log Homes Manufacturing Beginning inventory Merchandise $ 325,000 Finished goods $ 650,000 Cost of purchases 530,000 Cost of goods manufactured 830,000 Ending inventory
| Viking Retail | Log Homes Manufacturing | ||||||||
| Beginning inventory | |||||||||
| Merchandise | $ | 325,000 | |||||||
| Finished goods | $ | 650,000 | |||||||
| Cost of purchases | 530,000 | ||||||||
| Cost of goods manufactured | 830,000 | ||||||||
| Ending inventory | |||||||||
| Merchandise | 225,000 | ||||||||
| Finished goods | 219,000 | ||||||||
| Complete the below table to calculate the cost of goods sold for each of these two companies for the year ended December 31, 2013. |
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Auditing A Practical Approach With Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
2nd Edition
1119786045, 978-1119785996
