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The following are also provided: Tax rate 30% Interest expenses 20,000 Administrative expenses 540,000 Beginning Inventories: Raw materials: 610,000 Work in process: 1,065,000 Finished Goods,
The following are also provided:
Tax rate 30%
Interest expenses 20,000
Administrative expenses 540,000
Beginning Inventories:
Raw materials: 610,000
Work in process: 1,065,000
Finished Goods, 2,100,000
Units manufactured for the period 100,000 units
Compute or provide for the following:
1. Ending Raw Materials Inventory
2. Net Income
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