Asked by miguel
The following information is available for Baker Industries:
Cost of goods manufactured $320,000
Beginning finished goods inventory $45,000
Ending finished goods inventory $35,000
Compute the cost of goods sold.
Cost of goods manufactured $320,000
Beginning finished goods inventory $45,000
Ending finished goods inventory $35,000
Compute the cost of goods sold.
Answers
Answered by
Anonymous
The following information is available for Baker Industries.
Baker Industies Inc.
Trial Balance
12/31/13
Debit Credit
Cash 16
Accounts Receivable 26
Supplies 4
Equipment 191
Accumulated Depreciation 13
Accounts Payable 21
Common Stock 106
Retained Earnings 56
Dividends 11
Service Revenue 189
Salaries and Wages Expense 86
Depreciation Expense 39
Supplies Expense 12
385 385
What is the balance in Income Summary before it is closed to Retained Earnings for Baker Industries?
$41
$52
$248
$56
Baker Industies Inc.
Trial Balance
12/31/13
Debit Credit
Cash 16
Accounts Receivable 26
Supplies 4
Equipment 191
Accumulated Depreciation 13
Accounts Payable 21
Common Stock 106
Retained Earnings 56
Dividends 11
Service Revenue 189
Salaries and Wages Expense 86
Depreciation Expense 39
Supplies Expense 12
385 385
What is the balance in Income Summary before it is closed to Retained Earnings for Baker Industries?
$41
$52
$248
$56
Answered by
Jean
41
Answered by
df
52
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.