재무회계 Ch9 과제
Answer
| Category | Inventory | Income |
|---|---|---|
| Querter 1 | USD 20m | - |
| Querter 2 | USD 16.5m | -USD 3.5m |
| Querter 3 | USD 16.5m | - |
| Querter 4 | - | +USD 11m |
| Cost of sold | Amount(m$) |
|---|---|
| Total manufacturing cost | 2752.0 |
| Work in process inventory | 100.8-119.1=(18.3) |
| Finished goods inventory | 286.2-322.3=(36.1) |
| Cost of sold | 2697.6 |
| Net income | Amount(m$) |
|---|---|
| Sales | 6700.2 |
| Cost of sold | (2697.6) |
| Selling and ad. expenses | (2903.7) |
| Interest expense | (151.9) |
| Income tax | 947*35%=(331.5) |
| Net income | 615.5 |
The amount of sales is 2080.
Under FIFO, cost will be : \(1978+2814+2080+450\times 4.1=8717\)