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JAX Inc. has provided the following data for the year ended May 31, 2022. Sales Purchase of raw materials $1,200,000 600,000 Cost of goods
JAX Inc. has provided the following data for the year ended May 31, 2022. Sales Purchase of raw materials $1,200,000 600,000 Cost of goods manufactured 700,000 Selling and admin expenses 250,000 Manufacturing overhead 400,000 Beginning Ending Inventory Inventory Work-in-Process 500,000 400,000 Finished Goods 200,000 500,000
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