1) Kendall Manufacturing Company's beginning and ending work-in-process inventories were 20,000 and 18,000. Direct materials costs used...
Question:
1) Kendall Manufacturing Company's beginning and ending work-in-process inventories were 20,000 and 18,000.
Direct materials costs used were 70,000.
Direct labor costs were 100,000.
Manufacturing overhead incurred was 150,000.
QUESTION 01 : What is the cost of goods manufactured?
2)The beginning finished goods inventory was 60,000 and its ending finished goods inventory was 55,000.
QUESTION 02 : How much is the cost of goods sold?
3)Kendall Manufacturing Company sales were 627,000 for the period.
QUESTION 03 : How much is the gross margin?
4)Kendall Manufacturing Company had the following operating expenses :
Sales salaries and commissions 80,000
Delivery expenses 10,000 Administrative expenses 30,000
Total 120,000
QUESTION 04 : How much is Kendall's operating income?