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The following information is taken from the accounting books of Socit Monfort . Selling fees 140 000 $ The stock of raw materials on January

The following information is taken from the accounting books of Socit Monfort

.

Selling fees

140 000 $

The stock of raw materials on January 1

90 000

The stock of raw materials December 31

60 000

Utilities - factory

36 000

Direct labour

150 000

Depreciation of the plant

162 000

Purchase of raw materials

750 000

Sales figure

2 500 000

Factory insurance

40 000

Factory supplies

15 000

Administration fees

270 000

Indirect labour

300 000

Plant maintenance

87 000

The stock of products starting on January 1

180 000

The stock of products starting December 31

100 000

The stock of products ending January 1

260 000

The stock of products ending December 31

210 000

The management of the company wants to structure the presentation of this data in such a way as to facilitate the preparation of the financial statements for this year.

Answer the following questions:

  1. Prepare a statement of the cost of products manufactured for the fiscal year

  2. Knowing that the production for the year was 15,000 units, calculate the unit cost of manufacture.

  3. Calculate the cost of goods sold

  4. Prepare the company's income statement

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