Calculation of output: The following are the simplified data for a firm producing cars. Sales of cars in dollar 100,353,500. Purchases: raw materials: 54,000,000; temporary employment services: 35,000,500; machine tools: 26,400,000. Inventories of finished products at the start of the period: 24,500,000; at the end of the period: 34,670,000. Inventories of raw materials at the beginning of the period: 7,320,000; at the end of the period: 4,300,000. Calculate the output, the intermediate consumption and the value added at current prices, assuming no change in prices during the period.

Calculation of output: The following are the simplified data for a firm producing cars. Sales of cars in dollar 100,353,500. Purchases: raw materials: 54,000,000; temporary employment services: 35,000,500; machine tools: 26,400,000. Inventories of finished products at the start of the period: 24,500,000; at the end of the period: 34,670,000. Inventories of raw materials at the beginning of the period: 7,320,000; at the end of the period: 4,300,000. Calculate the output, the intermediate consumption and the value added at current prices, assuming no change in prices during the period.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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