Question: Using the following data, compute (1) The cost of goods manufactured and (2) The cost of goods sold for both Jahmed Company and KabiroCompany. Jahmed
Using the following data, compute
(1) The cost of goods manufactured and
(2) The cost of goods sold for both Jahmed Company and KabiroCompany.
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Jahmed Company Company Beginning finished goods inventory Beginning goods in process inventory21000 $15,000 $15,000 21,500 13.000 27,000 9,500 Rental cost on factory equipment .. .33.000 Direct labor Ending finished goods inventory. Ending goods in process inventory 22.000 Ending raw materials inventory10,500 Factory utilities. Factory supplies used.. General and administrative expenses Indirect labor... 19,500 2,000 21,000 9,400 17,000 0,000 3,000 0.600 9.660 3.500 47.000 41,000 Raw materials purchases Sales salaries .24,000 49,000
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