Question: 3 . Presented below is selected information from the Kudlick Company s current period accounting records ( in $ 0 0 0 s ) :
Presented below is selected information from the Kudlick Companys current period accounting records in $s:
Sales $
Raw Materials Used
Direct Labor Costs
Period Costs Selling and Administrative
Beginning Raw Material Inventory
Ending Raw Material Inventory
Net Income
Beginning WorkinProcess Inventory
Ending WorkinProcess Inventory
Beginning Finished Goods Inventory
Ending Finished Goods Inventory
NOTE: All raw materials used were direct materials.
Required: Determine the following in dollars:
a Raw Material Purchases
b Gross Profit
c Cost of Goods Manufactured
d Manufacturing Overhead
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