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On 1st September firm X grants a loan for 60.000 for 7-months, with interest of 3% paid in advance. Prepand expenses to to sive interest
On 1st September firm X grants a loan for 60.000 for 7-months, with interest of 3% paid in advance. Prepand expenses to to sive interest O Opzione 3 active interests to Defend come Opzione 2 Opzione 4 Exercise * Alfa company had the following inventory balances at the beginning and end of 20x1 Inventory classification Raw Materials Work in process Finished goods January 1, 20x1 50000 120000 110000 December 31, 20x1 55000 180000 140000 During 20x1, the company purchased 180000 of raw material and spent 200000 for direct labor. Manufacturing overhead costs were as follow: Indirect Material: 14000; Indirect Labor: 20000; Depreciation on plant and equipment: 24000; Utilities: 32000; Other: 15000. Sales revenue was 1200000 for the year. Selling and administrative expenses for the year amounted to 280000. The firm's tax rate is 25% You have to write the value of A) Raw material used B) Total manufacturing overhead cost- C) Cost of goods manufactured D) Cost of goods sold E) Net income La tua risposta
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