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PT XYZ in 2017 sold 5,200 units of its products at a price of IDR 5,180,000 per unit. This company has an initial inventory
PT XYZ in 2017 sold 5,200 units of its products at a price of IDR 5,180,000 per unit. This company has an initial inventory of product of 1,180 units with a value of IDR 3,180,000,000 at the end of 2017 the inventory became 1,200 units During 2017 the company made the purchase of raw materials as follows: MONTH SET UNIT PRICE (IDR) May 2017 2.180 3.180.000 August 2017 2.500 3.100.000 December 2017 1.018 2.918.000 The company has also invested for its head office in the previous year of IDR 5,180,000,000 with a 5-year depreciation using straight line method. The company also recorded a general administrative and sales cost of IDR 3,180,000,000 for the year. 1) Calculate cost of goods sold! 2) Develop income statement with income tax of 30%!
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