You have the following information Direct labor $50000 Direct material $70000 Manufacturing overhead $30000 WIP jun1 $25000

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You have the following information

Direct labor $50000

Direct material $70000

Manufacturing overhead $30000

WIP jun1 $25000

WIP jun 30 $30000

Finished goods jun1 $15000

Finished goods jun30 $25000

Sold unite 10000

Unit unit selling price $30

Selling expenses 30000

Demonstrative expenses 15000

You are required to calculate

1- Cost of manufactured goods

2- Cost of sold goods

3- Gross margin (income)

4- Operational income

Related Book For answer-question

Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

See More Books

Posted Date: May 31, 2023 05:39 AM

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You have the following information Direct labor $50000 Direct material $70000 Manufacturing overhead $30000 WIP jun1 $25000

Question:

Expert Answer:

To calculate the requested values we will use the following formulas Cost of manufactured goods Cost ... View the full answer

Cost Accounting

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