The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $451,170 Gross profit 263,030 Cost of goods manufactured 225,590 Indirect labor 97,900 Factory depreciation 14,890 Materials purchased 138,960 Total manufacturing costs for the period 259,420 Materials inventory, ending 18,500 Using the above information, determine the following missing amounts: a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month %24

The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $451,170 Gross profit 263,030 Cost of goods manufactured 225,590 Indirect labor 97,900 Factory depreciation 14,890 Materials purchased 138,960 Total manufacturing costs for the period 259,420 Materials inventory, ending 18,500 Using the above information, determine the following missing amounts: a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month %24

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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