Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. compute the cost of goods sold for 2019 using the

Compute the Cost of Goods Sold for 2019 using the following information: ...

90.2K

Verified Solution

Question

Accounting

  1. Compute the Cost of Goods Sold for 2019 using the following information:

    Direct Materials, Jan. 1, 2019 $ 42,000
    Work-in-Process, Dec. 31, 2019 66,500
    Direct Labor 50,500
    Finished Goods, Dec. 31, 2019 109,000
    Finished Goods, Jan. 1, 2019 134,000
    Manufacturing Overhead 71,500
    Direct Materials, Dec. 31, 2019 47,000
    Work-in Process, Jan. 1, 2019 91,000
    Purchases of Direct Material 79,000

    $201,000

    $247,500

    $220,500

    $245,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Consider the following two solvents Solubility Solvent A 52g of product in 100mL at 100 celcius; 29g of...

Chemistry
Q

HEPES, 2-[4-(2-hydroxyethyl)piperazin-1-yl]ethanesulfonic acid, is a diprotic acid often used to create buffers compatible with biological samples. A 10.0...

Chemistry
Q

Nitrogen is slightly less dense than is a sample of air at the same temperature and...

Chemistry
Q

Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September...

Accounting
Q

Antimicrobials that are effective ag Cantibiotics semisynthetic drugs

Biology
Q

One of the reasonsthat the Americasare somewhatinsignificantin theera from 600 C.E. to1450 C.E. isA. they...

Biology
Q

5 If the perpendicular distance between fixed point and point of application of force increases...

Physics
Q

16 1 point What bi weekly deposit is needed to save 7800 in three years...

Basic Math
Q

Viera Corporation is considering investing in a new facility, The estimated cost of the facility...

Accounting
Q

You are an audit supervisor of Pluto & Co and are currently planning the audit...

Accounting
Q

Deadline for Submission: March, 2021 Select the Income Statements and Balance Sheets of two corporations...

Finance
Q

New-Project Analysis The president of your company, MorChuck Enterprises, has asked you to evaluate the...

Finance