From the following data, prepare a Statement of Analysis of Decrease in Gross Profit for the year ended 31st December, 2014 : 2014 $ Increase or Decrease $ 2013 5,00,000 3,00,000 4,40,000 2,56,000 60,000 44,000 Sales Less : Cost of goods sold Gross Profit 2,00,000 1,84,000 16,000 Number of units sold 1,00,000 80,000 20,000 Unit sale price ($) 5 5.50 0.50 Unit cost ($) 3 3.20 0.20

From the following data, prepare a Statement of Analysis of Decrease in Gross Profit for the year ended 31st December, 2014 : 2014 $ Increase or Decrease $ 2013 5,00,000 3,00,000 4,40,000 2,56,000 60,000 44,000 Sales Less : Cost of goods sold Gross Profit 2,00,000 1,84,000 16,000 Number of units sold 1,00,000 80,000 20,000 Unit sale price ($) 5 5.50 0.50 Unit cost ($) 3 3.20 0.20

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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