Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Ask your questions and receive precise answers from experienced professionals across different disciplines. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Unimart Precision Manufacturing

Beginning inventory
Merchandise $275,000
Finished goods $450,000
Cost of purchases 500,000
Cost of goods manufactured 900,000
Ending inventory
Merchandise 115,000
Finished goods 375,000

Required:
Compute cost of goods sold for each of these two companies for the year.

Sagot :

Zviko

Answer:

Cost of goods sold for each of these two companies for the year :

Unimart  =  $660,000

Precision Manufacturing = $975,000

Explanation:

Note : I have attached the full question as image below.

Unimart

Beginning Merchandise Inventory                  $275,000

Add Purchases                                                 $500,000

Less Ending Merchandise Inventory               ($115,000)

Cost of Goods Sold                                          $660,000

Precision Manufacturing

Beginning Finished Goods Inventory            $450,000

Add Cost of Goods Manufactured                 $900,000

Less Ending Finished Goods Inventory        ($375,000)

Cost of Goods Sold                                         $975,000

View image Zviko
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.