Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The beverage manufacturing company has the following information DETAIL $ Initial inventory of raw material 2,000 Final Inventory of Raw Material 5,000 Direct purchase of

The beverage manufacturing company has the following information

DETAIL $

Initial inventory of raw material 2,000

Final Inventory of Raw Material 5,000

Direct purchase of raw material 110,000

Labor costs 144,000

Direct labor 96,000

Indirect work (50% MOD)

Indirect production costs.

Basic services (electricity, water, gas) 20,000

Basic services with a 20% discount.

Other manufacturing costs 35,000

Machinery depreciation (200,000 Machinery cost)

SUPPLEMENTARY DATA

Cost of products in process available 400,000

Production cost manufactured and sold (30% more than in process)

Business expenses 20,000

Administration expenses (plus a third of the commercial ones)

Initial inventory of finished products 180,000

Final inventory of products in process 30,000

Semester sales revenue 800,000

CALCULATE

A). Production cost for the period.

B). Value of the initial inventory of products in process.

C). Final inventory value of finished products.

D). profit and loss statement

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Susan S. Hamlen

3rd Edition

1618531514, 978-1618531513

More Books

Students also viewed these Accounting questions

Question

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago