Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $231,040 134,700 Gross profit Cost of goods manufactured 115,520 Indirect labor 50,140 Factory depreciation 7,620 Materials purchased 71,160 132,850 9,470 Total manufacturing costs for the period Materials inventory, ending Using the above information, determine the following missing amounts: a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month 00000 $
Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $231,040 134,700 Gross profit Cost of goods manufactured 115,520 Indirect labor 50,140 Factory depreciation 7,620 Materials purchased 71,160 132,850 9,470 Total manufacturing costs for the period Materials inventory, ending Using the above information, determine the following missing amounts: a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month 00000 $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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