Use the following data from Mayonnaise Manufacturing Co. to identify the revenues from sales of finished goods for the year. Manufacturing Finished Goods Raw Materials Ovherhead WIP Inventory Inventory Cost of Goods Sold 10,000 125,000 5,000 80,000 120,000 150,000 150,000 130,000 130,000 150,000 30,000 30,000 45,000 60,000 35,000 110,000 20,000 130,000 O Cannot be determined from the information provided O $150,000 O $150,000 O $130,000 $25,000

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08-12-2022
Business

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Use the following data from Mayonnaise Manufacturing Co. to identify the revenues from sales of finished goods for the year. Manufacturing Finished Goods Raw Materials Ovherhead WIP Inventory Inventory Cost of Goods Sold 10,000 125,000 5,000 80,000 120,000 150,000 150,000 130,000 130,000 150,000 30,000 30,000 45,000 60,000 35,000 110,000 20,000 130,000 O Cannot be determined from the information provided O $150,000 O $150,000 O $130,000 $25,000

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Parrain Parrain · Answer 1 · 2022-12-13T17:56:04+01:00

The revenue, based on the given data from Mayonnaise Manufacturing Co. on the sales of finished goods, and other things, is A. cannot be determined from the information provided.

How to find revenue ?

Revenue is the sum of money that a business receives in return for its products and services, or, in the other direction, the price that a client pays for a business's products or services. On the first line of the income statement, a company's revenue is typically reported as revenue, sales, net sales, or net revenue.

The simplest way to determine revenue is to multiply the total number of units sold by the selling price.

As the number of units sold is not given, and neither is the price, we cannot find the revenue to Mayonnaise Manufacturing Co.. If the gross profit and the cost of goods sold were also available, then revenue could be calculated but they are not either.

Find out more on revenue at https://brainly.com/question/23706629

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