Tenneson Corporation's cost of goods manufactured for the just completed month was $151,000 and its inventories were as follows:  BeginningEndingWork in process inventory$63,000 $66,000 Finished goods inventory$34,000 $48,000  How much was the cost of goods available for sale on the Schedule of Cost of Goods Sold?

A. $136,000
B. $137,000
C. $151,000
D. $185,000


Answer: D

Business

You might also like to view...

The "bottom of the pyramid" refers to ________

A) the world's poorest consumers B) the middle classes of Brazil, Russia, India, and China C) a market with little or no purchasing power D) people with easy access to luxury goods E) the middle class of high-income countries

Business

In terms of collateral, which of the following would be categorized as "equipment"?

a. a mowing tractor used to mow personal property b. crops produced by a farming operation c. goods held by someone for sale or lease d. a computer system used in a retail store

Business

Nell exceeds her authority when making a contract for Denver. If he ratifies the contract, both Nell and Denver are in the same position as the one they would have been in had Denver actually authorized the act originally except that Nell is not entitled to compensation

a. True b. False Indicate whether the statement is true or false

Business

On January 1, a company issued 10-year, 10% bonds payable with a par value of $500,000, and received $442,647 in cash proceeds. The market rate of interest at the date of issuance was 12%. The bonds pay interest semiannually on July 1 and January 1. The issuer uses the straight-line method for amortization. Prepare the issuer's journal entry to record the first semiannual interest payment on July 1.

What will be an ideal response?

Business