E19-8 Supply the missing amounts from the following computation of gross profit for Alon Plastics. Sales revenue
Question:
E19-8 Supply the missing amounts from the following computation of gross profit for Alon Plastics. Sales revenue Cost of goods sold: Beginning finished goods inventory... Cost of goods manufactured: Beginning work in process inventory Direct materials used. Direct labor....... Manufacturing overhead. Total manufacturing costs incurred during the period. Total manufacturing costs to account for.... Ending work in process inventory.. Costs of goods manufactured Cost of goods available for sale. Ending finished goods inventory Cost of goods sold. Gross profit $ 52,000 $64,000 X 51,000 226,000 X (40,000) $473,000 $ 91.000 (107,000)
Step by Step Answer:
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones