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Sales The Bentfield Company had the following data (in thousands) for a given period: $ 800 Direct materials 200 Direct labor 230 Indirect manufacturing costs
Sales The Bentfield Company had the following data (in thousands) for a given period: $ 800 Direct materials 200 Direct labor 230 Indirect manufacturing costs 180 Selling and administrative expenses 150 There were no beginning or ending inventories. Requirement 1. Compute the (1) manufacturing cost of goods sold, (2) gross profit, (3) operating income, and (4) conversion cost (total manufacturing cost less materials cost). (1) Determine the formula, then compute the manufacturing cost of goods sold. = Mfg. cost of goods sold + 11 (2) Determine the formula, then compute the gross profit. = = Gross profit Choose from any list or enter any number in the input fields and then continue to the next question. The Bentfield Company had the following data in thousands) for a given period: Sales $ 800 Direct materials 200 Direct labor Indirect manufacturing costs 180 Selling and administrative expenses 150 There were no beginning or ending inventories. Requirement 1. Compute the (1) manufacturing cost of goods sold, (2) gross profit, (3) operating income, and (4) conversion cost (total manufacturing cost less materials cost). 230 (3) Determine the formula, then compute the operating income. = Operating income (4) Determine the formula, then compute the conversion cost. Conversion cost 11 Choose from any list or enter any number in the input fields and then continue to the next
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