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The following items related to AAA manufacturing company at the end of the year 2020. Beginning direct raw material Ending direct raw material Direct raw
The following items related to AAA manufacturing company at the end of the year 2020. Beginning direct raw material Ending direct raw material Direct raw material cost Direct Labor Costs Manufacturing overhead costs 10000 JD 12000 JD 45000 JD 35000 JD 10% of Direct raw material cost; 20% Direct Labor Costs; plus 2000 JD 15000 JD 11000 JD Beginning work in process Ending work in process Beginning finished goods Ending finished goods 11000 JD 15000 JD So, how much were ? - Prime costs. - Conversion Costs. - Total manufacturing costs. - Cost of goods available for sale. - Cost of goods sold. Then, if the net sales was 55000 JD, find the gross profit or loss during the period
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