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Problems 2

This document contains financial information for multiple divisions of a company across different time periods. It includes data on shipments from head office to branches, inventory levels, returns, total goods available for sale, and cost of goods sold. The net income or loss is calculated for each division based on sales and costs.

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ivan anonuevo
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32 views

Problems 2

This document contains financial information for multiple divisions of a company across different time periods. It includes data on shipments from head office to branches, inventory levels, returns, total goods available for sale, and cost of goods sold. The net income or loss is calculated for each division based on sales and costs.

Uploaded by

ivan anonuevo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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125% 100% 25%

Shipments from HO 205,000 164000 41000


Inv. return to HO 3,050 2440 610
TGAS 201,950 161,560 40,390
Inventory, end 85,000 68000 17000
COGS 116,950 93,560 23,390
Dec. 31
Branch Inv., at Cost
(108,000/120%) 90,000
Home Office Inv.
(160,500 - 10,500) 150,000
Total Inv. 240,000
140% 100% 40%
Inv., beg. 428,750 306,250 122,500
Shipments from HO 1,837,500 1,312,500 525,000
TGAS 2,266,250 1,618,750 647,500
Inv., End 1,128,750 806,250 322,500
COGS 325,000
140% 100% 40% 330,000/825,000
Inv., beg.
Shipments from HO 825,000 330,000
TGAS 825,000
Inv., End 868,000 620,000
COGS 287,000 205,000 82,000
125% 100% 25%
Shipments from HO 1,680,000 1,344,000 336,000
Merch. Returned 189,000 151200 37800
TGAS 1,491,000 1,192,800 298,200
Inv., End 336,000 268,800 67,200
COGS 1,155,000 924,000 231,000

Branch is concern Head Office is concern


Net Sales 1,034,145 1,034,145
COGS 1,155,000 924,000
Net Income -120,855 110,145

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