Business

Donavan Bird

29 December, 15:00

Cost of goods manufactured equals $65,000 for 2013. finished goods inventory is $2,000 at the beginning of the year and $5,500 at the end of the year. beginning and ending work in process for 2013 are $4,000 and $5,000, respectively. how much is cost of goods sold for the year?

a. $67,500

b. $63,000

c. $61,500

d. $68,500

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Cost of goods manufactured equals $65,000 for 2013. finished goods inventory is $2,000 at the beginning of the year and $5,500 at the end ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. if these persons were counted as employed, then a. both the unemployment rate and labor-force participation rate would be higher. b.

The manager of Plantation River Country Club wanted members of the very upscale club to use the bar and dining facilities more frequently. He offered a two-for-one "happy hour" special, but few members showed up.

How does the profit motive affect the goals of producers?

When a customer purchases merchandise inventory from a business organization, she may be given a discount which is designed to induce prompt payment. Such a discount is called a (n) trade discount. nominal discount. enhancement discount.

Is it 50 hours in a day?

New Questions in Business

When using a periodic inventory method, which account is increased when you buy merchandise inventory?

The following units of an inventory item were available for sale during the year: Beginning inventory 10 units at $50 First purchase 17 units at $52 Second purchase 27 units at $53 Third purchase 19 units at $55 The firm uses the periodic inventory

Based on a predicted level of production and sales of 23,800 units, a company anticipates total variable costs of $107,100, fixed costs of $31,800, and operating income of $82,440.

Formulate and use linear programming to solve the following problem. A firm wants to determine how many units of each of two products (products X and Y) they should produce in order to make the most money.

Which employees have an impact on the operation and effectiveness of internal controls? upper management. mid-level managers. lower-level employees. all employees?