Question
The following data (in thousands of dollars) have been taken from the accounting records of ABC corporation for the current year. Analyse the data and
The following data (in thousands of dollars) have been taken from the accounting records of ABC corporation for the current year. Analyse the data and answer the following question
Sales | $3000 |
Selling Expenses | 300 |
Manufacturing overhead | 610 |
Direct labour | 550 |
Administrative expenses | 420 |
Purchases of raw materials | 400 |
Finished goods inventory, beginning | 410 |
Finished goods inventory ending | 470 |
Raw material inventory beginning | 210 |
Raw material inventory ending | 260 |
Work in process inventory beginning | 270 |
Work in process inventory ending | 150 |
What is the cost of raw material used in production during the year (in thousands of dollars?
What is the manufacturing cost during the year (in thousands of dollars)?
What is the cost of goods manufactured (finished) for the year (in thousands of dollars)?
What is the cost of goods sold for the year (in thousands of dollars)?
What is the net income for the year (in thousands of dollars)?
The following data (in thousands of dollars) have been taken from the accounting records of ABC corporation for the current year. Analyse the data and answer the following question
Sales | $3000 |
Selling Expenses | 300 |
Manufacturing overhead | 610 |
Direct labour | 550 |
Administrative expenses | 420 |
Purchases of raw materials | 400 |
Finished goods inventory, beginning | 410 |
Finished goods inventory ending | 470 |
Raw material inventory beginning | 210 |
Raw material inventory ending | 260 |
Work in process inventory beginning | 270 |
Work in process inventory ending | 150 |
What is the cost of raw material used in production during the year (in thousands of dollars?
What is the manufacturing cost during the year (in thousands of dollars)?
What is the cost of goods manufactured (finished) for the year (in thousands of dollars)?
What is the cost of goods sold for the year (in thousands of dollars)?
What is the net income for the year (in thousands of dollars)?
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