Question
Custom Choppers, Inc. records for September 2016 show the following information: Sales $820,000 Selling and administrative expenses 140.000 direct purchases of materials 176,000 Direct labour
Custom Choppers, Inc. records for September 2016 show the following information:
Sales | $820,000 |
Selling and administrative expenses | 140.000 |
direct purchases of materials | 176,000 |
Direct labour | 200,000 |
Factory overhead | 270.000 |
Direct Materials, September 1 | 24,000 |
Work in progress, September 1 | 50,000 |
Finished Goods, September 1 | 46,000 |
Direct Materials, September 30 | 28,000 |
Work in progress, September 30 | 56,000 |
Finished products, September 30 | 38,000 |
Calculate net income for the month of September
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Management Accounting
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
6th Canadian edition
013257084X, 1846589207, 978-0132570848
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