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QUESTION 1 The following data are from Tiger's Inc. accounting records at December 31, 2017 Sales $900,000 80,000 20,000 To be determined 60,000 120,000 395,000
QUESTION 1 The following data are from Tiger's Inc. accounting records at December 31, 2017 Sales $900,000 80,000 20,000 To be determined 60,000 120,000 395,000 MB Raw materials inventory, beginning Dw RiIE Raw materials inventory, ending - DM Purchases of raw materials Dm Mortgage Direct labour DL Prime costs (total)ut Mo Supplies-factory (60% apply to manufacturing)-Mon Commissions 0E Work-in-process inventory, beginning Work-in-process inventory, ending Depreciation-factory Mon 100,000 0,6 To be determined 40,000 20,000 To be determined 150,000 130,000 300,000 180,000 BI- Finished goods inventory, beginning EI -Finished goods inventory, ending Gross margin Operating income REQUIRED: 1. Prepare the schedule of COGM for year 20127
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