Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Calculus Posted 13 Sep 2017 My Price 7.00

cost of goods

Shown here are annual financial data at December 31, 2011, taken from two different companies.

 

Pinnacle Retail

Slope Board Manufacturing

Beginning inventory

   

Merchandise

$150,000

 

Finished goods

 

$300,000

Cost of purchases

250,000

 

Cost of goods manufactured

 

586,000

Ending inventory

   

Merchandise

100,000

 

Finished goods

 

200,000

Required

1. Compute the cost of goods sold section of the income statement at December 31, 2011, for each company.

Include the proper title and format in the solution.

2. Write a half-page memorandum to your instructor (a) identifying the inventory accounts and (b) describing where each is reported on the income statement and balance sheet for both companies.

Answers

(5)
Status NEW Posted 13 Sep 2017 11:09 AM My Price 7.00

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