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Question 1 Jackson Grills has supplied the following information from its accounting records for the month of August (All in Canadian Dollars). Direct labor cost
Question 1 Jackson Grills has supplied the following information from its accounting records for the month of August (All in Canadian Dollars). Direct labor cost 11,500 20,000 7,500 6,500 Factory depreciation Factory property taxes Materials inventory, 10,000 1,250 2,500 8/31 Purchases of raw materials Advertising Materials inventory, 8/1 Work-in-process inventory, 8/1 Cost of goods manufactured Executive salary cost Finished goods inventory, 8/31 Gross margin 1,500 45,850 Work-in-process inventory, 8/31 Sales revenue Finished goods inventory, 8/1 Operating income 25,000 4,250 5,500 67,900 Required: Solve for the missing amounts (?). Show all your calculations in Details
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