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Statement value Sales (10,000 units) 1,500,000 work in process inventory 1/1/2020 90,000 Finished goods 1/1/2020 125,000 Selling expenses 250,000 Administrative expenses 300,000 Factory machinery rental
Statement | value |
Sales (10,000 units) | 1,500,000 |
work in process inventory 1/1/2020 | 90,000 |
Finished goods 1/1/2020 | 125,000 |
Selling expenses | 250,000 |
Administrative expenses | 300,000 |
Factory machinery rental | 50,000 |
Water, electricity and factory gas | 75,000 |
Factory missions | 21,000 |
Account Payables | 15,000 |
Depreciation of administration buildings | 10,000 |
Inventory of in-progress production 12/31/2020 | 60,000 |
Full production stock 31/12/2020 | 175,000 |
Raw material purchases during the year | 410,000 |
Direct industrial fees | 60,000 |
Factory insurance | 6,000 |
Indirect industrial wages | 10,000 |
consumption of factory premises | 90,000 |
Factory real estate taxes | 8,000 |
Account receivables | 20,000 |
Consumption of machinery for the marketing department | 5,000 |
Required: 1. Preparing the income statement for Al-Israa Industrial Facility for the year ending on 12/31/2020 2. Calculate the Prime cost 3. Calculating manufacturing costs 4. Calculating the conversion cost 5. Calculating the cost of production per unit sold
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