Question
BMW Corporation manufactures a product. Shown below is Rawan's cost structure: Variable cost/ product fixed cost for the year Manufacturing cost $114 $810,000 Selling and
BMW Corporation manufactures a product. Shown below is Rawan's cost structure:
Variable cost/ product fixed cost for the year
Manufacturing cost $114 $810,000
Selling and administrative $20 $243,000
In its first year of operations, Rawan produced 60,000 products but only sold 54,000. At what amount will BMW report its cost of goods sold for this first year for external reporting purposes?
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
