The following information is available for the first month of operations of Makin' It Inc., a...
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The following information is available for the first month of operations of Makin' It Inc., a manufacturer of arts and craft items: Sales Gross profit Indirect labor Indirect materials b. Direct materials cost: $327,230 190,780 c. Direct labor cost: 71,010 Other factory overhead Materials purchased Total manufacturing costs for the period Materials inventory, end of period Using the above information, determine the following: a. Cost of goods sold: 35,510 10,800 100,790 188,160 13,420 000 The following information is available for the first month of operations of Makin' It Inc., a manufacturer of arts and craft items: Sales Gross profit Indirect labor Indirect materials b. Direct materials cost: $327,230 190,780 c. Direct labor cost: 71,010 Other factory overhead Materials purchased Total manufacturing costs for the period Materials inventory, end of period Using the above information, determine the following: a. Cost of goods sold: 35,510 10,800 100,790 188,160 13,420 000
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Cost of Goods Sold COGS COGS Sales Gross Profit Direct Materials Cost Direct Materials Cost Mate... View the full answer
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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