ccording to the information given in the table below, which of the following is Cost of Goods Sold? Cost of Production188800Opening stock of WIP52300Opening stock of FG 29960Closing stock of WIP15100Closing stock of FG 750 unitsTotal production units4520

Cost of Production = 188,800 Opening stock of WIP = 52,300 Opening stock of Finished Goods = 29,960…

Answered: ccording to the information given in…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The following information relates to the only product made by Mario Traders for the year ended 31 July 2022:Opening inventory 0Number of units manufactured 945 000Number of units sold (at R310 per unit) 756 000Direct materials cost per unit R94Direct labour cost per unit R123Variable manufacturing overheads cost per unit R92Variable selling expenses per unit R22Fixed manufacturing overheads cost R18 900 000Fixed selling and administrative expenses R15 750 000 Draft the income statement for the year ended 31 July 2022 using the Marginal Costing method
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Cost of Production	188800
Opening stock of WIP	52300
Opening stock of FG	29960
Closing stock of WIP	15100
Closing stock of FG	750 units
Total production units	4520

ccording to the information given in the table below, which of the following is Cost of Goods Sold? Cost of Production 188800 Opening stock of WIP 52300 Opening stock of FG 29960 Closing stock of WIP 15100 Closing stock of FG 750 units Total production units 4520