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3. From the following information find out the requirements: Beginning Merchandise Inventory $20,000 Sales commission $ 5,890 Direct wage $ 1,00,000 Other direct Expenses $10%
3. From the following information find out the requirements: Beginning Merchandise Inventory $20,000 Sales commission $ 5,890 Direct wage $ 1,00,000 Other direct Expenses $10% of direct wage Factory Rent $ 11,000 Factory Building depreciation $ 20,000 Office managers salary $ 18,000 Advertising $ 5,900 Purchase discount $800 Supplies $2,800 Sales discount $2,500 Sales [?] Closing Merchandise Inventory $15,000 Merchandise purchased $ 1, 10,000 Purchase returns $ 15,000 Purchase allowance $5,000 Freight in $ 11,000 Freight out $15,000 quirements Calculate any five (* (v)profit calculation is must for everyone]) (marks 5] (i) Prime cost (11) Conversion cost (iii)Product cost /manufacturing cost(iv)Cost of sales Net sales and profit (assuming last two digit of your ID) in % Raw material consumed (v) (vi) ** suppose your ID 2019210000047,so take 47%. If your last digit is 2019210000001 take last digit 1 and add zero for profit calculation your % of margin would become 10%
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