Using the amounts show below in the Schedule of Cost of Goods Manufactured and Partial Cost...
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Using the amounts show below in the Schedule of Cost of Goods Manufactured and Partial Cost of Goods Sold Schedule. Calculate the Gross Profit amount if Sales were $3,300,000. Schedule of Cost of Goods Manufactured Op Balance Direct Materials Purchases Materials available for use Less: Closing balance Direct Materials used in Production OP Balance WIP Conversion costs: Total cost of manufacturing Less: CB WIP Cost of Goods Manufactured Other information: Opening Balance Finished Goods Closing Balance Finished Goods $420,000 $800,000 $1,220,000 $380,000 $840,000 $860,000 $1,200,000 $2,900,000 $920,000 $1,980,000 $650,000 $230,000 Using the amounts show below in the Schedule of Cost of Goods Manufactured and Partial Cost of Goods Sold Schedule. Calculate the Gross Profit amount if Sales were $3,300,000. Schedule of Cost of Goods Manufactured Op Balance Direct Materials Purchases Materials available for use Less: Closing balance Direct Materials used in Production OP Balance WIP Conversion costs: Total cost of manufacturing Less: CB WIP Cost of Goods Manufactured Other information: Opening Balance Finished Goods Closing Balance Finished Goods $420,000 $800,000 $1,220,000 $380,000 $840,000 $860,000 $1,200,000 $2,900,000 $920,000 $1,980,000 $650,000 $230,000
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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