Question
The following cost and inventory data are obtained from the accounting records Mason Company of the Year Just Done Sales ..................................................................... .. 555,000 dollars Incurred
The following cost and inventory data are obtained from the accounting records
Mason Company of the Year Just Done
Sales ..................................................................... .. 555,000 dollars
Incurred costs:
Direct labor cost... $66,000
Purchases of raw materials ... 118 thousand dollars
Manufacturing costs ... $70,000
Advertising expenses ................................ 90 thousand dollars
Sales salaries ... $55,000
Depreciation and office equipment ...... 3000 dollars
Date: ............................ 1/1/2020 to 31/12/2020
Stocks:
Raw materials.....................................................................................................................................................................................................................................
In progress...15,000 dollars....12,000 dollars
Finished merchandise.....$21,000...$35,000
An account and then a report with an excel file attached to clarify the calculations
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