The following information pertains to Yuji Corporation: Costs incurred during the year 2008 were as follows: Required:

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The following information pertains to Yuji Corporation:

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Costs incurred during the year 2008 were as follows:

image text in transcribed

Required:
Sales revenue during 2008 was $300,000. The income tax rate is 40%. Compute the following:
. Cost of raw materials used.
. Cost of goods manufactured/completed.
. Cost of goods sold.
. Gross margin.
. Net income.

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Financial Reporting And Analysis

ISBN: 12

4th Edition

Authors: Lawrence Revsine, Daniel Collins

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Question Posted: May 21, 2024 10:00 AM

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The following information pertains to Yuji Corporation: Costs incurred during the year 2008 were as follows: Required:

Question:

Raw materials inventory Work-in-process inventory Finished goods inventory January 1, 2008 $ 34,000 126,000 76,000 December 31, 2008 $ 38,000 145,000 68,000

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Financial Reporting And Analysis

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