A firm had beginning finished goods Inventory of 25,000, ending finished goods inventory of 20, 000...

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A firm had beginning finished goods Inventory of 25,000, ending finished goods inventory of 20, 000 and cost of goods sold of 80,000. What was the cost of goods manufactured? 3. During September, Montefalco had sales of P148,000, which made a gross profit of P40,000. Purchases amounted to P100,000 and beginning inventory was P34,000. The value of ending inventory was? 4.The cost of sales for LG Electronics in 2021 was P350,000. The beginning inventory is P50,000 more than the ending inventory, with the latter equivalent to 20% of the current year's purchases. What was the value of the inventory account at the start of the year? 5.XYZ Company sells product X for P35 per unit. The cost of one unit of product X is P28. The estimated cost to complete a unit is P13 and the estimated cost to sell is 16. At what amount per unit should product X be reported? A firm had beginning finished goods Inventory of 25,000, ending finished goods inventory of 20, 000 and cost of goods sold of 80,000. What was the cost of goods manufactured? 3. During September, Montefalco had sales of P148,000, which made a gross profit of P40,000. Purchases amounted to P100,000 and beginning inventory was P34,000. The value of ending inventory was? 4.The cost of sales for LG Electronics in 2021 was P350,000. The beginning inventory is P50,000 more than the ending inventory, with the latter equivalent to 20% of the current year's purchases. What was the value of the inventory account at the start of the year? 5.XYZ Company sells product X for P35 per unit. The cost of one unit of product X is P28. The estimated cost to complete a unit is P13 and the estimated cost to sell is 16. At what amount per unit should product X be reported?

Answer rating: 100% (QA)

Lets solve each question step by step 1 To find the value of the ending inventory we need more information Specifically we need the cost of goods sold ... View the full answer