Question: Question 3 Prepare income statement showing separate quantity schedule Sales (80000 kg @30/unit) Opening Finished goods inventory (15000 kgs @10 / unit) Cost of goods
Question 3 Prepare income statement showing separate quantity schedule Sales (80000 kg @30/unit) Opening Finished goods inventory (15000 kgs @10 / unit) Cost of goods manufactured (qty to be determined @10/ unit) Closing Finished goods inventory (20000 kgs @10/ unit) Variable marketing expense (qty sold @5/unit) Fixed admin expenses Rs.550,000
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