Debu Ghosh
(22 Points)
Replied 10 May 2007
sv
(ss)
(22 Points)
Replied 29 November 2021
Notes 29-11-2021
Hi, I’m new to accounting and trying to solve a text book problem. Can anyone help me understand, how the author calculated purchase in Cost of goods sold? Question: Direct labor cost 16,000 Cost of goods sold 56,000 Opening and Closing Balances Raw Material 8,000 8,600 Work-in-progress 8000 12,000 Finished goods 14,000 18,000 Selling expenses 3,400 General Admin 2,600 Sales for the month 75,0
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 09 December 2021
( Ending inventory - Beginning inventory) + Cost of goods sold = Inventory purchases
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 09 December 2021
Originally posted by : sv | ||
Notes 29-11-2021 Hi, I’m new to accounting and trying to solve a text book problem. Can anyone help me understand, how the author calculated purchase in Cost of goods sold? Question: Direct labor cost 16,000 Cost of goods sold 56,000 Opening and Closing Balances Raw Material 8,000 8,600 Work-in-progress 8000 12,000 Finished goods 14,000 18,000 Selling expenses 3,400 General Admin 2,600 Sales for the month 75,0 |
You have uploaded all personal files. none of them have the problem
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"