Tarea 1 Cost Eng

Tarea 1 Cost Eng - Transaction Cash 1-A Sales on credit...

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Unformatted text preview: Transaction Cash 1-A Sales on credit 1600 1-B Cash collections from customers 1350 The cost of items sold 850 Inventory from accounts payable 50 Cash payment on trade accounts payable 775 Salaries and wages (accrued) 190 Salaries and wages (cash) 180 Depreciation 48 Interest expense (cash) 11 Other expenses (cash) 100 Income taxes (accrued) 40 Income taxes (cash) 30 Budget plant and facilities (cash) 335 Issued debt 110 Paid cash dividents 39-1,080-1,030 Decision no effect +- no effect- no effect- no effect-- no effect---- LIFO, FIFO, Cash Effects Alpental Machine Company had sale revenue 330,000 in 20x6. Pertinent data for it Inventory, December 31, 20x5 15,000 units $6.00 90,000 February purchases 20,000 units $7.00 140,000 August purchases 34,000 units $8.00 272,000 Sales for the year 30,000 units Prepare a statement of gross margin for 20x6. Use two columns, one assuming LIF Assume a 40% income Tax rate, Supose all transactions are for cash. Wich invento its only product in 2006 included: FO and one assuming FIFO....
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Tarea 1 Cost Eng - Transaction Cash 1-A Sales on credit...

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