Conrad, Inc. recently lost a portion of its records in an office fire. The following information was
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Conrad, Inc. recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records. | |||||||||||
Cost of Goods Sold | $68,600 | ||||||||||
Work-in-Process Inventory, Beginning | $10,900 | ||||||||||
Work-in-Process Inventory, Ending | $9,800 | ||||||||||
Selling and Administrative Expense | $15,900 | ||||||||||
Finished Goods Inventory, Ending | $15,500 | ||||||||||
Factory Overhead Applied | $12,700 | ||||||||||
Operating Income | $14,600 | ||||||||||
Direct Materials Inventory, Beginning | $11,500 | ||||||||||
Direct Materials Inventory, End | $6,400 | ||||||||||
Cost of Goods Manufactured | $63,000 | ||||||||||
Direct labor cost incurred during the period amounted to 1.6 times the factory overhead. The CFO of Fisher, Inc. has asked you to recalculate the following accounts and to report to him by the end of the day. |
What is the amount of net sales? | ||||||||||
$115,000 | ||||||||||
$84,500 | ||||||||||
$14,600 | ||||||||||
$99,100 |
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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