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Product Type Largo Global Production and Cost Information 2020 Standard Loot Box Deluxe Loot Box Volume (Number of Produ Selling Price Per Unit Total

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Product Type Largo Global Production and Cost Information 2020 Standard Loot Box Deluxe Loot Box Volume (Number of Produ Selling Price Per Unit Total Sales $ 80 18.20 $ 20 27.85 Cost of Sales Selling and Admin Charges Depreciation Purchases Gross Profit 1 Determine Purchases Cost of Sale Plus: Closing Inventory Less: Opening Inventory Purchases 2020 2 Use traditional Allocation Method to Allocate Allocated Cost Purchases Selling and General Admin Depreciation Total Cost of Products Number of Products Cost per Product Total Costs 3 Determine the Profit Margins per product Standard Loot Box Deluxe Loot Box Split Based on volumes sold Half half Standard Loot Box Deluxe Loot Box Total Sales Less: Cost of Products Profit %Profit (Profit Sales) Half half Total Cost of Prouducts Number of Products

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Step 1 Determine Purchases 2020 The Purchases section involves calculating the cost of inventory acquired during the year The formula for purchases is ... blur-text-image

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