Question
With the following transactions determine the Cost of Goods Sold for a manufacturing plant Hurry up please. Thanks in advance...... 1. A $ 7,000 cash
With the following transactions determine the Cost of Goods Sold for a manufacturing plant
Hurry up please. Thanks in advance......
1. A $ 7,000 cash loan is obtained.
2. A loan is obtained for the purchase of an equipment of 6,911 with 5 years of life.
3. The equipment is depreciated for one year.
4. 304 is paid in direct labor.
5. 785 is paid in packing clerks,
6. 200 pieces of materials are invoiced for production to 2
7. 150 pieces of production materials are used.
8. 150 pieces are sold at $ 4.00 each and the customer is billed.
9. It is paid in sales and distribution expenses of $ 1000.
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