The following data were taken from the general ledgers and other sources of Charlie Manufacturing Inc. and Delta Merchandising Co. on April 30 of the current year:
|
Merchandise Inventory, April 1 |
38,000 |
|
Finished goods, April 1 |
67,000 |
|
Purchases |
121,000 |
|
Cost of goods manufactured |
287,000 |
|
Merchandise Inventory, April 30 |
33,000 |
|
Finished goods, April 30 |
61000 |
Required:
1. Compute the cost of goods sold for Delta Merchandising Co., selecting the appropriate items from the previous list.
2. Compute the cost of goods sold for Charlie Manufacturing Co., selecting the appropriate items from the previous list.