Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 3 this company produce 2000 television as in Aug the tv are sold 300 for each company has 250 finish good inventory at the
Question 3 this company produce 2000 television as in Aug the tv are sold 300 for each company has 250 finish good inventory at the beginning. At the end of the month there were 500 finish inventory the following cost along Purchase of raw material Beginning inventory ending inventory direct labor indirect labor expenses factory rent machinary factory factory provision sales commision expenses beginning wip inventory ending wip inventory beginning finish good ending finish good 130,000 30,500 25,000 75,000 50,000 5,000 15,500 25,500 4,500 50,700 67,500 15.000 4,000 5.500 30,000 42,500 (Q3a)- Prepare statement for cost of good manufactured of the month (Q3b)- Compute the average cost of producing 1 unit of good (Q3c)- Prepare the statement of profit & loss
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started