Problem 1 Purchase price of raw materials Rebates on raw material purchases Import taxes Local taxes paid in relation to the purchase 000ʻZT Freight-in 12% VAT on the purchase price 000's 000 3,200 Interest expense related to the purchase Utilities used on factories Wages of factory personnel Salaries of accountants Depreciation of factory equipment 000' Depreciation of the head office Normal losses during production 32,000 Abnormal losses during production 2,800 General and administrative expenses Storage costs of work-in-process inventories Storage costs of finished goods inventories Shipping costs on sale of finished goods 000' How much is the total cost of inventories?
Problem 1 Purchase price of raw materials Rebates on raw material purchases Import taxes Local taxes paid in relation to the purchase 000ʻZT Freight-in 12% VAT on the purchase price 000's 000 3,200 Interest expense related to the purchase Utilities used on factories Wages of factory personnel Salaries of accountants Depreciation of factory equipment 000' Depreciation of the head office Normal losses during production 32,000 Abnormal losses during production 2,800 General and administrative expenses Storage costs of work-in-process inventories Storage costs of finished goods inventories Shipping costs on sale of finished goods 000' How much is the total cost of inventories?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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