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Question 19 Rexfield Company recorded the following transactions for the month of February: Sales were $420,000 for the month, Sales prices are determined by
Question 19 Rexfield Company recorded the following transactions for the month of February: Sales were $420,000 for the month, Sales prices are determined by a markup on manufacturing cost of 40%. The costs of new inputs to the manufacturing process during the month were $287,000. (a) Calculate the missing values in the schedule below. Purchases Beginning Inventory Ending Inventory Direct Materials Used Direct Labour Manufacturing Overhead (including indirect materials of $9,500) Transferred to Finished Goods Cost of Goods Sold Materials Work in Process Finished Goods $104,600 (e) 17,600 $8,500 $ (a) 19,700 90,700 19,100 (b) 115,100 (c) (d)
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