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Donald is struggling to determine the company's key costs for this month's income statement. He knows the following: total manufacturing costs $51,500; beginning and ending
Donald is struggling to determine the company's key costs for this month's income statement. He knows the following: total manufacturing costs $51,500; beginning and ending WIP Inventory, $9,500 and $6,500, respectively; and beginning and ending FG Inventory, $6,100 and $7,700, respectively. How much is Cost of Goods Manufactured and Cost of Goods Sold? Cost of goods manufactured Cost of goods sold When Maria got an order from her neighbor to make a custom clock for $158, she ran home and estimated its cost: direct materials $47, direct labor $57, budgeted MOH$42, and other general and administrative costs $34. How much gross margin will Maria earn if she sells the clock for \$158? Gross margin How much profit will Maria earn? (Enter negotive amount using either a negative sign preceding the number es. 45 or parentheses eg. (45).) Profit/(Loss) Is she likely to go ahead with this project? she is to go ahead with this project
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