Question: please answer the following questions and explain why it is the correct answer, 1, 10, 17, 20, 21, 23 1) Which of the following is









1) Which of the following is not part of the sales activity in the flow of manufacturing activities? A ) Total Finished Goods available for sale B) Ending Work in Process Inventory C) Ending Finished Goods Inventory D) Beginning Finished Goods Inventory E) Cost of goods manufactured 10) Current information for the Healey Company follows: All raw materials used were traceable to specific units of product. Healey Comp: manufacturing costs for the year are: 10) B A) $128,600. B) $125,800. C) $131,400. D) $139,000. E) $137,000 17) Evaluation of company performance can include comparison and/or assessment of all but which of the following? 17) P A) Current financial position. B) Future performance and risk. C) External user needs and demands. D) Current performance. E) Past performance. 20) The following information pertains to the Packer Corporation. Calculate the cost of goods sold for the period: f) $246,000. B) $242,000. C) $258,000. D) $250,000. E) $290,000. 21) Financial statement analysis involves all of the following except: 21) A) Helping users to make better decisions. B) Transforming accounting data into useful information for decision-making. B) Transforming accounting data into useful informati D) The application of analytical tools to general-purpose financial statements and related data for making business decisions. E) Assuring that the company will be more profitable in the future. 22) Factory overhead costs may include all of the following except: 22) F A) Indirect labor costs. B) Factory rent. C) Assembly supplies. D) Indirect material costs. 3) Selling costs. 23) Using the information below, calculate gross profit for the period. ) $774,000 B) $448,000. C) $530,000. D) $535,000. E) $769,000
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