The following information relates to Jenson Co.: Manufacturing costs$2,500,000 (all product costs) Units manufactured40,000 Beginning inventory 0 units 35,000 units are sold during the year
The following information relates to Jenson Co.:
Manufacturing costs$2,500,000 (all product costs)
Units manufactured40,000
Beginning inventory 0 units
35,000 units are sold during the year for $100 per unit.
(a) What is the average manufacturing cost per unit?
(b) What is the amount of ending finished goods inventory
(c) What is the gross margin?
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Authors: Staff At SKDEMY
1st Edition
0645811831, 978-0645811834
