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need help plz for accounting Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera
need help plz for accounting
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31 : a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Feedback a. Add the cost of goods manufactured to the beginning finished goods. Subtract the ending finished goods. b. For the month ended January 31, determine Bandera Manufacturing's gross profit. Feedback b. Sales minus cost of goods sold equals gross profit. c. For the month ended January 31, determine Bandera Manufacturing's net income. Castifying The following is a manufacturing cest report of Marching Arts inc. a. 1. Select the correct sentence for emors in the preceding report. 1. The mainteriance salaries of $54,500 and indirect materials of \$43,000 should be included as factory overthead. 2. The indirect materials of $43,000 should be included as factiory ovesteand. 4. Haif of the maintenance warles of \$64,500 and indirect materials of $43,000 should be included as factory overthead. a. 2. Select the conrect sentence for enrers in the precteding report. 1. Sales salaries, proenotional expenses, corporate effice insurance and property taves, and coparate office depreciation should not be included in factory everhead. 2. Promotional expenses, corporate office insurance and property taxes, and corporate office depreciation should not be included in factory overtiead. I. Soles salaries, promotional expenses, corporate office insurance and property taxes should not be included in factory overbead 4. Half of sales selaries, promotionse expenses, corpornte office invurance and property taves, and corporate office depreciation should not be included in factory overhead. I. b. Prenare a corrected renort. Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Using the above information, determine the following missing amounts: Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: a. Prepare a cost of goods manufactured statement for March. b. Determine the cost of goods sold for March. I Feedback vasan- b. Add the cost of goods manufactured from (a) to the beginning finished goods inventory. Subtract the ending finished goods inventory Step by Step Solution
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