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You are the accountant for XYZ Company. Management provided you with the following data for the year 2019. Sales Direct Materials Used Direct labour Manufacturing
You are the accountant for XYZ Company. Management provided you with the following data for the year 2019. Sales Direct Materials Used Direct labour Manufacturing overhead Administrative expenses Selling expenses Work in process, beginning Work in process, ending Finished goods inventory, beginning Finished goods inventory, ending $990,000 $90,000 $200,000 $230,000 $150,000 $140,000 $70,000 $50,000 $120,000 $160,000 ALL WORK MUST BE SHOWN Required: A. Compute the cost of Goods Manufactured B. Compute the cost of Goods Sold C. What is the Gross Margin for 2019? D. Compute the Operating Income for 2019
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