Question
Purchase $122000 DM available for use $134000 Closing Balance $14000 WIP opening balance $92000 Direct Labour $48000 OVERHEAD /Indirect cost $120000 WIP closings balance $81000
Purchase $122000
DM available for use $134000
Closing Balance $14000
WIP opening balance $92000
Direct Labour $48000
OVERHEAD /Indirect cost $120000
WIP closings balance $81000
Schedule of COGS
Opening Balance of Finish good $138000
Closing balance $173000
Sales $330000
Required : Calculate the flow of cost for this manufacturer and for the level of sales given, calculate the percentage Gross Profit.
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Study Guide And Working Papers For Advanced Accounting
Authors: Joe Ben Hoyle, Thomas F. Schaefer, Timothy S. Doupnik, Sharon O'reilly
10th Edition
0077268040, 9780077268046
