Hello everyone! I need some help pls for Principle Cost Accounting 1) Cost of Good...
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Accounting
Hello everyone! I need some help pls for Principle Cost Accounting
1) Cost of Good Sold-Merchandiser and Manufacturer
The foolowing data were taken from the general ledgers and other sources of Charlie Manufacturing Inc. and Delta Merchandising Co. on April 30 of the current year:
Merchendise Inventory April 1 .........$38,000
Finished good. April 1.....................$67,000
1. Compute the cost of goods sold for Delta Merchandising Co. selecting the appropriate items from the previous list.$__________
2. Compute the cost of goods sold for Charlie Manufacturing Inc. selecting the appropriate items from the previous list.
$____________
2) Cost of Goods Sold Merchandiser
The foolowing data were taken from the general ledger of Donald Merchandisers on January 31, the end of the first month of operations in the current fiscal year:
Merchandise Inventory, January 1....................................$22,000
Merchandise Inventory, January 31.................................$17,000
Compute the cost of goods sold for the month of January .
$____________________
3) Cost of Goods sold - Merchendiser and Manufacturer
The following data were taken from the general ledgers and sources of Allen Manufacturing Inc. and Brown Merchandising Co. on September 30 of the current year:
Merchandise Inventory, September 1..................................$33,000
Finished goods, September 1............................................$61,000