Unimart Precision Manufacturing Beginning inventory ...
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Accounting
| Unimart | Precision Manufacturing | ||||||||
| Beginning inventory | |||||||||
| Merchandise | $ | 304,000 | |||||||
| Finished goods | $ | 608,000 | |||||||
| Cost of purchases | 490,000 | ||||||||
| Cost of goods manufactured | 780,000 | ||||||||
| Ending inventory | |||||||||
| Merchandise | 204,000 | ||||||||
| Finished goods | 198,000 | ||||||||
Compute cost of goods sold for each of these two companies for the year ended December 31, 2017.
Complete this question by entering your answers in the tabs below.
Merch Business
Mfg Business
Compute cost of goods sold for the company year ended December 31, 2017 in Merchandising Business.
| UNIMART | |
| Partial Income Statement | |
| For Year Ended December 31, 2017 | |
| Cost of goods sold: | |
| Goods available for sale | |
| Cost of goods sold | $0 |
Compute cost of goods sold for the company year ended December 31, 2017 in Manufacturing Business.
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