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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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
