The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $792,000 Gross profit $462,000 Cost of goods manufactured $396,000 Indirect labor $171,600 Factory depreciation $26,400 Materials purchased $244,200 Total manufacturing cost for the period $455,400 Materials inventory, ending $33,000 Using the information given, determine the following missing amount: Cost of goods sold: Finished goods inventory at the end of the month: Direct materials cost: Direct labor cost: Work in process inventory at the end of the month:
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $792,000 Gross profit $462,000 Cost of goods manufactured $396,000 Indirect labor $171,600 Factory depreciation $26,400 Materials purchased $244,200 Total manufacturing cost for the period $455,400 Materials inventory, ending $33,000 Using the information given, determine the following missing amount: Cost of goods sold: Finished goods inventory at the end of the month: Direct materials cost: Direct labor cost: Work in process inventory at the end of the month:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
- The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
- Sales $792,000
Gross profit $462,000
Cost of goods manufactured $396,000
Indirect labor $171,600
Factory
Materials purchased $244,200
Total
Materials inventory, ending $33,000
- Using the information given, determine the following missing amount:
- Cost of goods sold:
- Finished goods inventory at the end of the month:
- Direct materials cost:
- Direct labor cost:
Work in process inventory at the end of the month:
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