Question
Tom Manufacturing Ltd had 210 spoiled shirts that were sold as seconds at $15 per shirt. Cost of the spoiled shirts was $345,000. Cost of
Tom Manufacturing Ltd had 210 spoiled shirts that were sold as seconds at $15 per shirt. Cost of the spoiled shirts was $345,000. Cost of shirts at inspection point was $4,100,000. Calculate the net cost of the spoilage.
| a. | $341,850 | |
| b. | $496,850 | |
| c. | $4,096,850 | |
| d. | $3,751,850 | |
| e. | None of the answers. |
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Cost Accounting Theory And Practice
Authors: R. Palaniappan, N. Hariharan
1st Edition
9380578342, 978-9380578347
