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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 | $ 130,000.00 |
Beginning inventory | $ 30,500.00 |
ending inventory | $ 25,000.00 |
direct labor | $ 75,000.00 |
indirect labor | $ 50,000.00 |
expenses | $ 5,000.00 |
factory rent | $ 15,500.00 |
machinary | $ 25,500.00 |
factory | $ 4,500.00 |
factory provision | $ 50,700.00 |
sales commision | $ 67,500.00 |
expenses | $ 15,000.00 |
beginning wip inventory | $ 4,000.00 |
ending wip inventory | $ 5,500.00 |
beginning finish good | $ 30,000.00 |
ending finish good | $ 42,500.00 |
(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 |
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