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please show your work! thank you! PKRK manufacturers dolls and has reported the following information: Raw Materials Work In Process (WIP) Finished Goods Jan 1
please show your work! thank you! PKRK manufacturers dolls and has reported the following information: Raw Materials Work In Process (WIP) Finished Goods Jan 1 2016 $30,000 $350,000 $250,000 Dec 31 2016 $60,000 $100,000 $120,000 Assemblers' Direct Wages Sales Commissions Repairs on Machinery Small tools Executive Bonuses $300,000 $12,000 $10,000 $4,500 $80,000 Advertising Expense Raw Materials Purchased Factory Depreciation Exp Factory Utilities Net Income $30,000 $450,000 $10,000 $60,000 $15,000 1. Use the above information to determine a. Raw Materials issued to WIP (5pts) b. Total Production Costs (5pts) c. Cost of goods manufactured (completed jobs) (5pts) d. Gross Margin (5pts) e. Total Sales (5pts)
please show your work! thank you!
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