Chapter 18_Student Worksheet_Spring 2012

Chapter 18_Student Worksheet_Spring 2012 - Quick Study 18-7...

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Unformatted text preview: Quick Study 18-7 Cost of goods sold is computed as: Beginning finished goods inventory ................. Plus cost of goods manufactured ...................... Goods available for sale ..................................... Less ending finished goods inventory .............. Cost of goods sold .............................................. Quick Study 18-13 (Amounts in millions of Swiss francs) Raw materials inventory, beginning .............................. Plus raw materials purchased ........................................ Raw materials available for use ..................................... Less raw materials inventory, ending ............................ Raw materials used ......................................................... Exercise 18-1 Primary Information Source Business Decision Managerial Financial 1. Plan the budget for next quarter ..................................... 2. Measure profitability of all individual stores .................. 3. Prepare financial reports according to GAAP ............... 4. Determine location and size for a new plant .................. 5. Determine amount of dividends to pay stockholders ... 6. Evaluate a purchasing department’s performance ....... 7. Report financial performance to board of directors ...... 8. Estimate product cost for new line of shoes ................. Exercise 18-10 Account Balance Sheet Income Statement Manufacturing Statement Overhead Report Accounts receivable ............................ Computer supplies used in office ....... Beginning finished goods inventory .. Beginning goods in process inventory ............................................................ Beginning raw materials inventory ..... Cash ...................................................... Depreciation expense—Factory building ...............................................................
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This note was uploaded on 02/21/2012 for the course ACCT 202 taught by Professor Walterberry during the Spring '10 term at Old Dominion.

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Chapter 18_Student Worksheet_Spring 2012 - Quick Study 18-7...

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