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The One (379 Points)

10 May 2007

Dear friends of the CA Club forum,

I will not be able to reply to messages till the beginning of next month. Keep posting your queries. Hopefully some of my replies have been useful to members of this forum.

Regards.

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4 Replies

Debu Ghosh (22 Points)
Replied 10 May 2007

DEAR SIR,
I WILL VE VERY THANKFUL TO YOU IF YOU INVITE ME TO THIS FORUM. IT WILL BE OF GREAT HELP IN MY STUDIES.
YOURS FRIENDLY,
DEBU

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sv (ss) (22 Points)
Replied 29 November 2021

Notes 29-11-2021

Hi, I’m new to accounting and trying to solve a text book problem. Can anyone help me understand, how the author calculated purchase in Cost of goods sold? Question: Direct labor cost 16,000 Cost of goods sold 56,000 Opening and Closing Balances Raw Material 8,000 8,600 Work-in-progress 8000 12,000 Finished goods 14,000 18,000 Selling expenses 3,400 General Admin 2,600 Sales for the month 75,0

Attached File : 3549618 20211129135319 print.rar downloaded: 45 times

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 09 December 2021

( Ending inventory - Beginning inventory) + Cost of goods sold = Inventory purchases

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 09 December 2021

Originally posted by : sv
	Notes 29-11-2021 Hi, I’m new to accounting and trying to solve a text book problem. Can anyone help me understand, how the author calculated purchase in Cost of goods sold? Question: Direct labor cost 16,000 Cost of goods sold 56,000 Opening and Closing Balances Raw Material 8,000 8,600 Work-in-progress 8000 12,000 Finished goods 14,000 18,000 Selling expenses 3,400 General Admin 2,600 Sales for the month 75,0