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Complete by hand on paper in the proper form please Jill Corporation provided the following list of cost data related to its manufacturing operations for
Complete by hand on paper in the proper form please
Jill Corporation provided the following list of cost data related to its manufacturing operations for the month of July 205. All raw materials are direct materials. 1. variable A=790,000 2. Arrange the cost data into a statement of cost of goods manufactured. 3. If Jill sold 5,000 units for $10,000,000 and cost of goods sold for the month was $4,000,000, what was the ending balance (in \$) in finished goods inventory for the month? 4. Write the journal entries to (1) purchase the raw materials, (2) transfer raw materials to W-I-P, (3) transfer goods manufactured to finished goods and (4) reduce inventory for goods sold. 5. Prepare a multi-step income statement 6. Compute breakeven in units and sales dollars assuming Variable Costs are $500 per unit 7. Compute the contribution margin on a per unit basis Step by Step Solution
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