Cost Flow RelationshipsThe following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:Sales$231,040134,700Gross profitCost of goods manufactured115,520Indirect labor50,140Factory depreciation7,620Materials purchased71,160Total manufacturing costs for the period132,850Materials inventory, ending9,470Using the above information, determine the following missing amounts:a. Cost of goods soldb. Finished goods inventory at the end of the monthc. Direct materials costd. Direct labor coste. Work in process inventory at the end of the month00000$

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 $

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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