Exercise 5 (Cost of goods manufactured and sold) Compute cost of goods manufactured and cost of goods sold from the following account balances relating to 20X1 (in thousands): Property tax on plant building Marketing, distribution, and customer- service costs Finished goods inventory, January 1, 20X1 Plant utilities Work in process inventory December 31, 20X1 Depreciation of plant building P 3,000 37,000 27,000 17,000 26,000 9,000

Exercise 5 (Cost of goods manufactured and sold) Compute cost of goods manufactured and cost of goods sold from the following account balances relating to 20X1 (in thousands): Property tax on plant building Marketing, distribution, and customer- service costs Finished goods inventory, January 1, 20X1 Plant utilities Work in process inventory December 31, 20X1 Depreciation of plant building P 3,000 37,000 27,000 17,000 26,000 9,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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6.
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