Required :Calculate the unknowns Selected by question marks:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:EX3:The following information was taken from the accounting records of
Baghdad Manufacturing Company. unluckily, some of the data were
destroyed by a computer malfunction.
Amounts
Details
150.000$
sales
35.000$
28.000$
Finished goods Inventory ,Jan.1,2010
Finished goods Inventory ,Dec.31,2010
Costs of goods sold
Gross Profit(margin)
Marketing(selling)&management
Operating inconme
Work in Process Inventory, Jan.1,2010
40.000$
?
61.000$
25.000$
23.000$
?.
1.000$
10.000$
22.000$
14.000$
8.000$
Direct Materials
18.000$
9.000$
15.000$
50.000$
Direct labor(wages)
Factory Overhead cost
Total Manufacture cost
35.000$
Work in Process Inventory,Dec.31,2010
22.000$
cost of goods manufactured
Required :Calculate the unknowns Selected by question marks:
45.000$
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