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Total manufacturing costs Acme Inc. incurs the following costs during July: Required: Calculate Acme's toral manufacturing costs for July: 8. Marville Inc. incurred the following
Total manufacturing costs Acme Inc. incurs the following costs during July: Required: Calculate Acme's toral manufacturing costs for July: 8. Marville Inc. incurred the following costs during June: Required: During the month. 53,000 units of product were manufactured and 48,000 units of product were sold. On June 1. Maryville carried no inventories. On June 30 . there were no inventories other than finished goods. a. Calculate the cost of goods manufactured during June and the average cost per unit of product manufactured. b. C alculate the cost of goods sold during June. c. Calculate the difference between cost of goods manufactured and cost of goods sold. How will rhis amount be reported in the financia statements? d. 1 gyatah Prepare a traditional (absorption) income statement for Maryville for the month of June. Assume that sales for the montl 5. $4 \& 000 and the company's effective income tax rate was 30%
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