show work 4) Damsel Inc. is a large manufacturer of auto tires. Damsel has provi
ID: 2590205 • Letter: S
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4) Damsel Inc. is a large manufacturer of auto tires. Damsel has provided the following information $45,50 Sales Revenue Beginning Finished Goods Inventory Cost of Goods Sold Cost of Goods Manufactured 32,50 35 Calculate the amount of ending finished goods inventory reported in Damsel's balance sheet.4) A) $36,500 B)$10,500 $4,000 5) Crystal Inc. is a merchandiser of stone ornaments. It sold 15,000 units in 2015. The company has provided the following D) $3,500 information Sales Revenue Purchases (excluding freight in) Selling and Administrative Expenses Freight In Beginning Merchandise Inventor Ending Merchandise Inventor $557 300 69 15 45 55,700 How much is the gross profit for 2015? 5) A) $252,700 B) $257,000 C) $183,700 D) $304,300 6) Which of the following will be included in manufacturing overhead costs?6) A) Delivery costs to ship goods to customersB) Indirect labor and indirect materials C) Direct materials and direct laborD) Salaries of salesmen 7) Jasper Corporation reports the following cost information for March Cost of Goods Manufactured Manufacturing Overhead Finished Goods Inventory, March 1 Finished Goods Inventory, March 31 Work-in-Process Inventory, March 1 Work-in-Process Inventory, March 31 Direct Labor $75 18,25 2,65 9,67 36,300 What is the amount of direct materials used by Jasper in March? 7) A) $12,030 B) $137,970C) $28,870 D) $18,600Explanation / Answer
Dear student, only one question is allowed at a time. I am answering the first question
4)
Closing inventory
= Beginning finished goods inventory + Cost of goods manufactured – Cost of goods sold
= $1,500 + $35,000 - $32,500
= $ 4,000
So, option C is the correct option
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