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  • HW

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    ghg
    12 views2 pages
    The document provides accounting information for finished goods, cost of goods manufactured, cost of goods sold, manufacturing costs, accounts receivable, accounts payable, raw materials, and sales. Specifically, it shows the calculations to determine ending balances and costs by starting with beginning balances, adding expenses/revenues and subtracting ending balances for the period.

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    The document provides accounting information for finished goods, cost of goods manufactured, cost of goods sold, manufacturing costs, accounts receivable, accounts payable, raw materials, and sales. Specifically, it shows the calculations to determine ending balances and costs by starting with beginning balances, adding expenses/revenues and subtracting ending balances for the period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views2 pages

    HW

    Uploaded by

    ghg
    The document provides accounting information for finished goods, cost of goods manufactured, cost of goods sold, manufacturing costs, accounts receivable, accounts payable, raw materials, and sales. Specifically, it shows the calculations to determine ending balances and costs by starting with beginning balances, adding expenses/revenues and subtracting ending balances for the period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Finished Good 75000

    Cost of Goods Manufactured X


    _ Finished goods 50000
    Cost of goods sold 600000

    Cost of goods Mannufactured 575000

    Total Manufacturing costs 610000


    Cost of goods manufactured 575000 + work in process (12/31) 60000- work in process(1/1) 25000

    Account receivable collections 1040000


    Accounts receivable (1/1) 120000+ Collections 1000000 _ Accounts receviable (12/31) 80000

    Account Payble 1/1 150000


    Account payable 12/31 200000 _ Raw Material Purchase 130000+ Account Payble 80000

    Raw Materials 12/31 40000


    10000 1300000 _100000

    Sales 40% x1000000 400000


    k in process(1/1) 25000

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