Please show work for #3
As in the previous Participation Exercise, the Khalid Company manufactures and sells Paso-the-Salsa, which is a bottled condiment used on a variety of foods. Each bottle is sold for $6. The company recently had the following costs to produce 12,000 units of its product during August: A. Rent of $5,000 on a billboard to help advertise the product B. Rent on factory and equipment of $8,000 C. com D. Total payroll for hourly paid, factory workers $24,000 Tomatoes, onions, spices and bottles $18,000 Total payroll for salaried, administrative staff $6,000 E. wwer the next three questions below using the above (along with the appropriate product cost period cost classifications from the previous ticipation Exercise); however, assume that the mpany only sold 8,000 units of those produced (i.e. B of the units produced) for the month of August. hat dollar amount should it use for cost of goods d (as needed, round your final answer to the arest whole dollar and enter as a positive number)? 33,333 33,333 (with margin: 0) Question 3 1/1 pts What is the company's net income for the month (as meeded, round your final answer to the nearest whole dollar)? 3,667 3,667 (with margin: 0) * ZT Pus Question 2 Answer the next three questions below using the data above (along with the appropriate product cost and period cost classifications from the previous Participation Exercise); however, assume that the company only sold 8,000 units of those produced (i.e. 2/3 of the units produced) for the month of August. What dollar amount should it use for cost of goods sold (as needed, round your final answer to the nearest whole dollar and enter as a positive number)? 33,333 rs 33,333 (with margin: 0) Question 3 1/1 pts What is the company's net income for the month (as needed, round your final answer to the nearest whole dollar)? 3,667