ABC Co. has manufactured 10.000 kg of flour and 8.500 kg finished in December. Company has sold 9.500 kg of finished goods with 9 TL unit selling price.
Q3: Ascertain the Marketing Selling and Distribution Cost for December.
Q4: Compute the Cost of Goods Sold and Operating Profit Margin by using the information stated above.
ABC Co. ascertains the cost of product monthly. Company has "Gristmill Department" which is main production cost center, "Maintenance and Repair" and "Cafeteria Department which are production service cost center and Store service cost center. The Company's inventory accounting system is FIFO. The November's ending balance of inventory and the transactions occurred in December are as follows: Inventories Quantity Unit Cost Total Cost Raw Material and Other Supplies - Raw Material 3.200 kg 1032.000 Auxiliary Fiquipment (lubricant) 300 box 100 1000 unit - Auxiliary Equipment (Packing Material) Work in Process Finished Goods 2.000 kg 6 - 24 December: Company purchased 1.600 kg of raw materials priced at 12 TL and paid the transportation cost and insurance 1.600 TL in cash. Company purchased 1000 boxes of lubricant with 2 TL unit cost in cash. - 3rd December: 400 kg of raw material purchased on 2 December was returned due to not being in requested quality - 59 December: The occurred purchase discount amount is 880 TL - 10 December. 3.300 kg of raw material was issued Gristmill Department cost center. - 12 December: 400 boxes of lubricant consumed in Maintenance and Repair department and 600 unit packing material issued to store. 15* December: According to the December's payroll register, direct labor cost is 22.400 TL, indirect labor cost is 6.000 TL. The accrued gross wage of Store personnel is 1.580 TL - 25 December: Accrued rent cost of store is 1.370 TL - 31" December: The depreciation cost of factory building is 2.000 TL, for machines is 1.800 TL - 31" December: The estimated electricity consumption related with Gristmill Department is 960TL, Cafeteria is 400 TL and Store 1.230 TL. - 31" December: 1.415 TL of distribution cost of finished goods was paid in cash, ABC Co. has manufactured 10.000 kg of flour and 8.500 kg finished in December. Company has sold 9.500 kg of finished goods with 9 TL unit selling price. Q3: Ascertain the Marketing Selling and Distribution Cost for December Q4: Compute the Cost of Goods Sold and Operating Profit Margin by using the information stated above