Question
1) Kendall Manufacturing Company's beginning and ending work-in-process inventories were 20,000 and 18,000. Direct materials costs used were 70,000. Direct labor costs were 100,000. Manufacturing
1) Kendall Manufacturing Company's beginning and ending work-in-process inventories were 20,000 and 18,000.
Direct materials costs used were 70,000.
Direct labor costs were 100,000.
Manufacturing overhead incurred was 150,000.
QUESTION 01 : What is the cost of goods manufactured?
2)The beginning finished goods inventory was 60,000 and its ending finished goods inventory was 55,000.
QUESTION 02 : How much is the cost of goods sold?
3)Kendall Manufacturing Company sales were 627,000 for the period.
QUESTION 03 : How much is the gross margin?
4)Kendall Manufacturing Company had the following operating expenses :
Sales salaries and commissions 80,000
Delivery expenses 10,000 Administrative expenses 30,000
Total 120,000
QUESTION 04 : How much is Kendall's operating income?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started