Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need only answers. got no time. no explanation. i repeat no explanation . be fast and quick. will hit like Mon Inc. a manufacturer of
need only answers. got no time. no explanation. i repeat no explanation . be fast and quick. will hit like
Mon Inc. a manufacturer of jewellery reported the following last month Assembly line, jewellery manufacturing salaries 18,000 Finished goods inventory, beginning 17,000 Finished goods inventory, ending 20,000 General & administrative expenses 22,000 Indirect materials requisitioned to factory 17,500 Production Supervisor, Salary 21,000 Purchases of raw materials 28,000 Raw materials inventory, ending 19,000 Raw materials inventory, beginning 18,000 Rent on production factory 19,000 Rent, retail store 18,000 Sales 200,000 Utilities on manufacturing factory 17,500 Utilities, retail store 17,000 Wages, retail staff 20,000 WIP inventory, beginning 18,500 WIP inventory, ending 21,500 Accumth Mobil WIP inventory, ending 21,500 Assume the Manufacturing Overhead is perfectly applied. Answer the following questions. NO COMMAS, NO S What is the cost of raw materials used in production? What is Direct Labour? What is Manufacturing Overhead? What is the Total Manufacturing Costs? What is the Cost of Goods Manufactured? What is the Cost of Goods Sold? What is Net Income Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started