Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 20

Frowren Domestic manufactures and sells a single product. In preparing its master budget for the current quarter, the company's controller has assembled the following information:
Frowren Domestic used the average cost method of pricing its inventory of finished goods.
Instructions
Compute the following budgeted quantities or dollar amounts:
a. Planned production of finished goods (in units).
b. Cost of finished goods manufactured.
c. Ending finished goods inventory. (Remember that in using the average cost method you first must compute the average cost of units available for sale.)
d. Cost of goods sold.