Fix -It Hardware is a manufacturing enterprise. At the end of production cycle 6, the following information
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Question:
Fix -It Hardware is a manufacturing enterprise. At the end of production cycle 6, the following information were available:
Cost of production $ 1400 000
Mark- up on finished goods transferred is 25% = $350 000
Value of finished goods still in the warehouse at the of the accounting year $ 200 000
What is the value of the unrealised profit tied up in the closing inventory?
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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