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XYZ Inc. manufacturing costs based on raw materials used, direct labor, and manufacturing overhead totaled $1.5 million? Beginning and ending work in process inventorys were
XYZ Inc. manufacturing costs based on raw materials used, direct labor, and manufacturing overhead totaled $1.5 million? Beginning and ending work in process inventorys were 60,000 and 90,000 respectively XYZs balance sheet also revealed respective beginning and ending finished good inventories of $250,000 and $180,000. Based on the above how much would ABC disclose as cost of goods manufactured and cost of goods sold? How much would it be NI after-tax if sales are $2 million other operating expenses are $60,000 and tax rate is 35%?
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