Cost of goods sold—merchandiser and manufacturer The following data were taken from the general ledgers and other data of Alpha Manufacturing, Inc., and Bravo Merchandis- ing 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 . . . . 61,000 LO1 LO3 54 Principles of Cost Accounting Required: 1. Compute the cost of goods sold for Bravo Merchandising Co., selecting the appropriate items from the previous list. 2. Compute the cost of goods sold for Alpha Manufacturing, Inc., selecting the appropriate items from the previous list.

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

Increases in output and increases in the inflation rate have been linked to

In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of: