San Diego State University Operations And Supply Chain Management Assignment Help - Materials

Question - 5) The following information pertains to the Cannady Corporation:

Beginning work-in-process inventory 50,000
Ending work-in-process inventory 48,000
Beginning finished goods inventory 180,000
Ending finished goods inventory 195,000
Cost of goods manufactured 1,220,000

What is cost of goods sold?
A) $1,205,000 B) $1,222,000 C) $1,235,000 D) $1,218,000
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6) For last year, Lewisburn Manufacturing reported the following:

Revenue $420,000
Beginning inventory of direct materials, January 1 22,000
Purchases of direct materials 146,000
Ending inventory of direct materials, December 31 16,000
Direct manufacturing labor 18,000
Indirect ...Read More manufacturing costs 40,000
Beginning inventory of finished goods, January 1 35,000
Cost of goods manufactured 104,000
Ending inventory of finished goods, December 31 36,000
Operating costs 140,000


What was Lewisburn's cost of goods sold?

A) $152,000 B) $103,000 C) $268,000 D) $317,000
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7) For last year, Lewisburn Manufacturing reported the following:
Revenue $420,000
Beginning inventory of direct materials, January 1 22,000
Purchases of direct materials 146,000
Ending inventory of direct materials, December 31 16,000
Direct manufacturing labor 18,000
Indirect manufacturing costs 40,000

Beginning inventory of finished goods, January 1 35,000
Cost of goods manufactured 104,000
Ending inventory of finished goods, December 31 36,000
Operating costs 140,000


What was Lewisburn's gross margin (or gross profit)?
A) $152,000 B) $268,000 C) $317,000 D) $103,000 ...Read Less

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