For company X, Y and Z, fill in the missing data. Each company is independent. Income statement
Question:
For company X, Y and Z, fill in the missing data. Each company is independent.
Income statement | ||||||
Company X | Company Y | Company Z | ||||
Sales | $320 000 | (5) | 120 000 | |||
Beginning finished goods | (2) | 49 000 | 7800 | |||
Cost of goods manufactured | 197 700 | (6) | 61 350 | |||
Ending finished goods | 24 000 | 26 200 | (9) | |||
Cost of sales | (1) | 784 000 | 60 000 | |||
Gross profit | 128 000 | 336 000 | (10) | |||
Operating Expenses | (3) | 235 200 | (11) | |||
Profit | 38 400 | (7) | 42 000 | |||
Beginning work in process | 19 300 | 32 400 | (12) | |||
Direct labour | (4) | 256 000 | 42 150 | |||
Raw materials used | 18 750 | 124 000 | 6150 | |||
Factory overhead | 159 750 | 385 800 | 13 900 | |||
Ending work in process | 21 600 | (8) | 5600 | |||
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Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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