Free BA3 Exam Braindumps (page: 18)

Refer to the Exhibit.



The following information is given at a manufacturer's year end:

Using some or all of the above figures, the correct figure for factory cost of goods completed is:

A company purchases a piece of machinery for $180,000. It is estimated that the machinery will produce 450,000 units over its useful life of 10 years. The residual value at the end of 10 years is nil. After eight years, the machine has produced 340,000 units and is sold for $30,000.

The profit/loss arising on disposal of the asset is

Cost of goods sold for a manufacturing company is the total of

CORRECT TEXT

Refer to the Exhibit.



A company operates an AVCO system of inventory. Opening inventory at the beginning of the period was 400 units @ $6.50 per unit.

During the period, the following purchases and issues were recorded:
The amount charged to the company's income statement in the period is