Inilowing information related to AADIL manufacturing company for the year ended December 31, 2007: Direct material (beginning) Dircct material purchased Direct material (ending) Rs.50,000 300,000 20,000 Direct labor Factory overhead (70% of conversion cost) Work in process (ending) Tork in process (beginning- 30% more than its ending) Cost of gouds manufactured is 8/15 of sales Sales revenue (1000 units) linished gnods (beginning)(25 urlit») T'inished goods (ending)(60 units) Administintive & genera) expenses Marketing & selling expenses 140,000 ? - 1,500,000 30,000 80,000 210,000 20,000 REQUIRED: 1. Colculate al missing figures . Pirpar: sfatemenu of cost of goods sold Ieme statement for the year ended December 31,2007. 1 Units manufactured Par mi cost of goods manufactured 6 Gress profit per unit sold 36

Inilowing information related to AADIL manufacturing company for the year ended December 31, 2007: Direct material (beginning) Dircct material purchased Direct material (ending) Rs.50,000 300,000 20,000 Direct labor Factory overhead (70% of conversion cost) Work in process (ending) Tork in process (beginning- 30% more than its ending) Cost of gouds manufactured is 8/15 of sales Sales revenue (1000 units) linished gnods (beginning)(25 urlit») T'inished goods (ending)(60 units) Administintive & genera) expenses Marketing & selling expenses 140,000 ? - 1,500,000 30,000 80,000 210,000 20,000 REQUIRED: 1. Colculate al missing figures . Pirpar: sfatemenu of cost of goods sold Ieme statement for the year ended December 31,2007. 1 Units manufactured Par mi cost of goods manufactured 6 Gress profit per unit sold 36

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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Given the following data, what is the cost of goods sold as determined under the LIFO method if ABC Home Improvements sold 350 air freshener systems for $28 per unit? Information Number of Units Unit Cost Beginning Inventory on 1/1 150 $14 Inventory Purchases on 1/5 250 $17 Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 ASUS f4 f5 f6 X f7 f8 f9 f10 f11 E3 4. 8. 80 96 5 图
(2) Allocate the common cost between the previous five products during November 2018 using the physical measurement method. 1-1 (degree) (3) Prepare an income statement for the five products, calculating the percentage of gross profit for each product during the month of November 2018 1-1 (degree) (4) Allocating the common cost among the previous five products during the month of November 2018 using the weights method It is likely that a detailed table will be prepared, indicating how to allocate the joint cost of (55,000 dinars). - (1 degree - 1) You have the following information: Gulf Wooden Industries Company uses oak tree wood to produce its various products, which are five products and are as follows: tables - chairs - libraries - wooden window frames - reception rooms). Note that the cost of the raw material, which is the oak wood that was used, and the costs necessary to manufacture it, amounted to (55,000 dinars) per month. November 2018. The following table shows a summary of…
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(16). Subject :- Accounting
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