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I cannot figure out the rest of this, I am unsure on where to put values in this book. During 2019, the farmer sold about
I cannot figure out the rest of this, I am unsure on where to put values in this book.
During 2019, the farmer sold about 1,281,000 dozen cage-eggs (equivalent to about 26 dozens per hen) for a total $1,503,000. Prices varied during the year, with sales price average equal to $1.173 per dozen. By the end of the year, the farmer had collected $1,203,000 of revenues and expected to receive the difference in weeks. In a separate "cost of production" schedule, the accountant estimated that the production cost or cost of sales (not including depreciation) of eggs sold was $925,000, equivalent to 72 cents per dozen (e.g., $925,000/1,281,000 ) Step by Step Solution
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