Goods available for sale
Goods sold
Goods manufactured
Materials put into production
Correct answer is C
The cost of goods manufactured equation is calculated by adding the total manufacturing costs; including all direct materials, direct labor, and factory overhead; to the beginning work in process inventory and subtracting the ending goods in process inventory.
Discount
Sales commission
Manufacturing profit
Factory reserves
Correct answer is C
The Manufacturing Profit, is the excess of transfer value of goods manufactured over their actual production cost.
#35,000
#39,000
#45,000
#46,000
Correct answer is B
Adjusted capital=
capital + additional capital - net loss - drawings
35,000 +10,000 -3500 -2500 = 39,000
The estimated profit or loss for a period is calculated by
Closing capital less opening capital add drawings
Opening capital less closing capital add drawings
Opening capital less drawings add closing capital
Opening capital add closing add drawings
Correct answer is A
No explanation has been provided for this answer.
#2,000
#14,000
#20,000
#30,000
Correct answer is D
closing capital - opening capital + drawings
64,000 - 50,000 - 16,000 = 30,000