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Can you please solve with the numbers used mathematically. The following information is available for B-QY Corporation for 2020: Inventories January 1 December 31 Raw
Can you please solve with the numbers used mathematically.
The following information is available for B-QY Corporation for 2020: Inventories January 1 December 31 Raw Materials $232,250 $204,500 Work in Process $347.000 $367,750 Finished Goods $222,250 $237,750 $66,750 $33,250 Advertising Expense Depreciation Expense - Factory Depreciation Expense - Office Direct Labor $20,000 $426,750 Indirect Labor $50,500 $429,000 $5,000 $150,000 Materials Purchased Miscellaneous Expenses Factory Office Salary Expense Property Taxes - Factory Property Taxes - Office Rent Expense - Factory Sales $17,250 $12,250 $18,750 $1,969,500 $100,500 $5,250 $16,750 Sales Salaries Expense Supplies Expense - Factory Utilities Expense - Factory Answer: $ 1082750 $ 537250 Question: When preparing an Income Statement, the amount of Net Income would be When preparing a Schedule of Cost of Goods Sold, the end calculation result would be When preparing an Income Statement, the amount of Gross Profit would be When preparing a Schedule of Raw Materials Used, the end calculation result would be $ 1432250 $ 456750 Step by Step Solution
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