Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.
Bakers *-*
they traded their clouth for a teritory
Raw materials earn less than finished goods. or It is hard for Africa to make a profit on the goods that it exports. or World-market price fluctuations make the economy unstable
northeast and middle from f.b
Manufacturing
[Debit] Finished Goods [Credit] Work in process
annual cost of sales=1800000 opening stock of finished goods=60000 finished goods storage period:10 days assuming 360 days in a year, the closing stock of finished goods is=??
Consider beginning finished goods as x: Cost of goods sold = x + cost of goods manufactured - ending finished goods inventory 220,000 = x + 190,000 - 14,000 x=44000
The high risk of finished goods inventory is the risk of loss of inventory due to theft, spoilage, or even fire. Storing finished goods is also expensive and if the market changes, can destroy a business.
Suppose that:Cost of good manufactured is x=? Beginning Finished Good = 10, 000 ending Finished goods= 5000 sales= 15000 Margin= 5000 Cost of goods sold is actually sales-Margin= 15000-5000=10,000 So, the standard formula is given by: Cost of goods sold= beginning finished goods + Cost of Goods manufactured(x) - ending finished goods. By putting the values we get: 10, 000 = 10, 000 + x - 5000 x= 5000
Sales return is that portion of finished goods which once sold but refund back by customers so as finished goods are assets same way sales return is asset as well because it increase the finished goods inventory.
raw materials and cheap labor for apex 7.2.4
HELP!
Railroads helped move raw materials to the factories and finished goods to the market.
Railroads helped move raw materials to the factories and finished goods to the market.
stocks and finished goods
stocks of finished goods