don't give answer in image format Cost Flow RelationshipsThe following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencilSalesGross profitCost of goods manufacturedIndirect laborFactory depreciationMaterials purchased$504,880294,350252,440109,56016,660155,500290,31020,700Total manufacturing costs for the periodMaterials inventory, endingUsing 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

Sales $ 5,04,880Less: Gross Profit $ 2,94,350Cost of goods sold $ 2,10,530

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

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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