Cost Flow RelationshipsThe following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:Sales$231,140Gross profit134,750Cost of goods manufactured115,570Indirect laborFactory depreciationMaterials purchasedTotal manufacturing costs for the periodMaterials inventory, ending.Using the above information, determine the following missing amounts:50,1607,63071,190132,9109,480a. 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 month

Cost of goods manufactured :— It is the total cost of completed finished goods transferred from work…

Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $231,140 Gross profit 134,750 Cost of goods manufactured 115,570 Indirect labor 50,160 Factory depreciation 7,630 Materials purchased 71,190 132,910 9,480 < 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 $231,140 Gross profit 134,750 Cost of goods manufactured 115,570 Indirect labor 50,160 Factory depreciation 7,630 Materials purchased 71,190 132,910 9,480 < 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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