Question
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:
-
Prepare a statement of the cost of products manufactured for the fiscal year
-
Knowing that the production for the year was 15,000 units, calculate the unit cost of manufacture.
-
Calculate the cost of goods sold
-
Prepare the company's income statement
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