From the following information prepare a cost of Good manufactured statement for 'PhonixGroup.' manufacturing company:InventoriesJune 1,2019June 30,2019Raw materialTk.58,000Tk. 52,000Work in process48,50044,000Sales commissionTk. 6,230Purchase discount3,210Net sales17,20,050Depreciation-Factory Machinery1,60,050Factory Insurance50,713Other factory Expenses16,020Sales Salaries80,030Freight In12,010General factory expense11,030Direct factory labor7,10,200Material purchases4,10,810Advertising expense12,600supplies8,000Plant maintenance2,550

Deducting ending work in process inventory from the sum of manufacturing costs and beginning work in…

From the following information prepare a cost of Good manufactured statement for 'Phonıx Group.' manufacturing company: Inventories June 1,2019 June 30,2019 Raw material Tk.58,000 Tk. 52,000 Work in process 48,500 44,000 Sales commission Tk. 6,230

From the following information prepare a cost of Good manufactured statement for 'Phonıx Group.' manufacturing company: Inventories June 1,2019 June 30,2019 Raw material Tk.58,000 Tk. 52,000 Work in process 48,500 44,000 Sales commission Tk. 6,230

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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