Solved

Use the Following to Answer Questions

Question 48

Multiple Choice

Use the following to answer questions:
Carlos Co. produces tables. The sales estimated for the third quarter of the year are as follows:
Use the following to answer questions: Carlos Co. produces tables. The sales estimated for the third quarter of the year are as follows:     The beginning inventory finished goods balance should equal 25 percent of each month's sales for the third quarter and 20 percent of each month's sales for the fourth quarter. October sales are estimated at 20,000 tables. The cost of producing a table is $185. -What will be the cost of goods manufactured in September? A)  $6,197,500 B)  $6,012,500 C)  $5,087,500 D)  $4,902,500
The beginning inventory finished goods balance should equal 25 percent of each month's sales for the third quarter and 20 percent of each month's sales for the fourth quarter. October sales are estimated at 20,000 tables. The cost of producing a table is $185.
-What will be the cost of goods manufactured in September?


A) $6,197,500
B) $6,012,500
C) $5,087,500
D) $4,902,500

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents