Bramble Corporation incurred the following costs while manufacturing its product. Materials used in product $100,800 Advertising...
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Bramble Corporation incurred the following costs while manufacturing its product. Materials used in product $100,800 Advertising expense $37,800 Depreciation on plant 50,400 Property taxes on plant 11,800 Property taxes on store 6,300 Delivery expense 17,600 Labor costs of assembly-line workers 92,400 Sales commissions 29,400 Factory supplies used 19,400 Salaries paid to sales clerks 42,000 Work in process inventory was $10,100 at January 1 and $13,000 at December 31. Finished goods inventory was $50,400 at January 1 and $38,300 at December 31. (b) Compute cost of goods sold. Cost of goods sold Bramble Corporation incurred the following costs while manufacturing its product. Materials used in product $100,800 Advertising expense $37,800 Depreciation on plant 50,400 Property taxes on plant 11,800 Property taxes on store 6,300 Delivery expense 17,600 Labor costs of assembly-line workers 92,400 Sales commissions 29,400 Factory supplies used 19,400 Salaries paid to sales clerks 42,000 Work in process inventory was $10,100 at January 1 and $13,000 at December 31. Finished goods inventory was $50,400 at January 1 and $38,300 at December 31. (b) Compute cost of goods sold. Cost of goods sold
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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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