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The accounting records of the Eco Paper Company include the following information relating to the current year ended 31 March 2023: The company manufactures a
The accounting records of the Eco Paper Company include the following information relating to the current year ended 31 March 2023: The company manufactures a single product; during the current, 45,000 units were manufactured and 40,000 units were sold. Selling price is set at 25 percent of gross profit. Required: a. Prepare a DETAILED schedule of cost of goods manufactured in good format.(18 marks) b. Compute the average per unit cost of production during the year 2023 . (2 marks) c. Determine the amount of revenue for the year 2023 . (4 marks)
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