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  • ESB 6th Sec

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    Esraa Sayed Abdelhamed Sayed
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    This document discusses purchasing, inventory, and quality control for calculating cost of goods sold (COGS). It states that $3,000 of inventory was on hand at the start of the month, $8,000 of additional inventory was purchased, and $2,000 of inventory remained at the end of the month. Based on this, it calculates COGS as $9,000. It also includes sections on cash flow statements and calculating break even points.

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    This document discusses purchasing, inventory, and quality control for calculating cost of goods sold (COGS). It states that $3,000 of inventory was on hand at the start of the month, $8,000 of additional inventory was purchased, and $2,000 of inventory remained at the end of the month. Based on this, it calculates COGS as $9,000. It also includes sections on cash flow statements and calculating break even points.

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    1 views28 pages

    ESB 6th Sec

    Uploaded by

    Esraa Sayed Abdelhamed Sayed
    This document discusses purchasing, inventory, and quality control for calculating cost of goods sold (COGS). It states that $3,000 of inventory was on hand at the start of the month, $8,000 of additional inventory was purchased, and $2,000 of inventory remained at the end of the month. Based on this, it calculates COGS as $9,000. It also includes sections on cash flow statements and calculating break even points.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 28

    PURCHASING, INVENTORY, AND

    QUALITY CONTROL
    COST OF GOODS SOLD
    Say you want to know your inventory for last month. You had
    $3,000 of leftover inventory at the start of the month,
    including food, drinks, spices, baking materials – anything it
    takes to get a meal on a plate and a drink in a glass.  
    Throughout the month, you ordered $8,000 of additional food
    inventory and ended the month with $2,000 worth of
     . inventory
    COGS = 9000$
    7150$
    ENDING CASH BALANCE

    Beginning cash + sales – Expenses


    35,730$
    10000 $ sales
    180000 $ Money collected
    30000 $ Asset Sales
    (106000) $ Direct materials and labor
    (29000) $ Manufacturing Overhead
    (35000) $ Selling and administrative cost
    (20000) $ Assets purchases

    Calculate the ending cash


    55,000$
    133,210$
    206,250$
    92,543
    Net profit
    86.680

    80.930
    28.325
    BREAK EVEN POINT
    60
    150
    50

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