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Relative to the above data, how much is the Cost of sales and Net income for the period

Relative to the above data, how much is the Cost of sales and Net income for the period

FINANCIAL ACCOUNTING
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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Patent amortization P12,000.00 dep exp factory machines P90,000.00 direct labor P600,000.00 factory insurance P26,000.00 factory supplies P30,000.00 factory utilities P110,000.00 indirect labor P300,000.00 Net purchases P186,000.00 PDisc P3,100.00 PRA P21,500.00 property taxes P20,000.00 purchases P310,400.00 raw mat beg P84,600.00 raw mat end P91,080.00 rent exp-factory bldg P70,000.00 rm factory P40,000.00 Sales P2,100,000.00 SDisc P2.100.00 SRA P5,000.00 P10,000.00 P99,360.00 Transportation in wp beg Wp end P200,500.00
Transcribed Image Text:Patent amortization P12,000.00 dep exp factory machines P90,000.00 direct labor P600,000.00 factory insurance P26,000.00 factory supplies P30,000.00 factory utilities P110,000.00 indirect labor P300,000.00 Net purchases P186,000.00 PDisc P3,100.00 PRA P21,500.00 property taxes P20,000.00 purchases P310,400.00 raw mat beg P84,600.00 raw mat end P91,080.00 rent exp-factory bldg P70,000.00 rm factory P40,000.00 Sales P2,100,000.00 SDisc P2.100.00 SRA P5,000.00 P10,000.00 P99,360.00 Transportation in wp beg Wp end P200,500.00
Wp end P200,500.00 FG beg P200,700.00 FG end P125,000.00 Selling and admin P350,000.00 Relative to the above data, how much is the Cost of sales and Net income for the period
Transcribed Image Text:Wp end P200,500.00 FG beg P200,700.00 FG end P125,000.00 Selling and admin P350,000.00 Relative to the above data, how much is the Cost of sales and Net income for the period
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