Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical per Sales $504,880 Gross profit 294,350 Cost of goods manufactured 252,440 Indirect labor 109,560 16,660 155,500 Factory depreciation Materials purchased 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 290,310 20,700
Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical per Sales $504,880 Gross profit 294,350 Cost of goods manufactured 252,440 Indirect labor 109,560 16,660 155,500 Factory depreciation Materials purchased 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 290,310 20,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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