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Yasmine Company shows the following data for the month of May: Raw materials inventory May 1=0 Raw materials inventory May 31=$10,000 Work in Process Inventory
Yasmine Company shows the following data for the month of May: Raw materials inventory May 1=0 Raw materials inventory May 31=$10,000 Work in Process Inventory May 1=0 Work in Process Inventory May 31=$25,000 Finished Goods Inventory May 1=0 Finished Goods Inventory May 31=$22,000 Total manufacturing costs incurred (materials used, direct labour and manufacturing overhead) during month of May = \$67,350 Sales Revenue for May =$94,700 Selling and Administrative expenses for May =$4,000 Required 1: Assuming no other transaction happened, what was the Net Income before tax for the month of May? \$ Required 2: Assuming no other transaction happened, what was the Cost of Goods Sold for the month of May? \$ Required 3: Assuming no other transaction happened, what was the cost of units completed during the month of May? \$
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