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Pie
2 years ago
5

According to the Ending Inventory Report, how would you calculate the cost of Sales? Ending Inventory Report Administrative Sala

ries $ 100,000Amortization Expense $ 20,000 Beginning Inventory $ 75,000 Ending Inventory $ 60,000Office Supplies Expense $ 25,000 Purchases $ 125,000Travel & Entertainment Expense $ 5,000 A) 575,000 + 125,000 - 560,000 B) 5125,000 - 520,000 C) 575,000 + 125,000 - 560,000 + 520,000 D) 575,000 - 560,000 E) 575,000 + 125,000 - 560,000 - 520,000
Business
1 answer:
algol132 years ago
3 0

Answer:

A. $575,000 + $125,000 - $560,000

Explanation:

According to the ending inventory report, cost of sales would be calculated as follow;

Cost of sales = Beginning inventory + Purchase - Ending inventory

Cost of sales = $575,000 + $125,000 - $560,000

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Answer:

B. Raw Materials

Explanation:

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2 years ago
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

The predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $754,000 of overhead costs and $580,000 of direct labor cost.

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