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Prepareastatementofcostofgoodsmanufactured
Prepareastatementofcostofgoodsmanufactured 1. InformationaboutMobileEnterprisesfortheyearendingDecember31,2016,isasfollows: Sales $300,000 Sellingandadministrativeexpenses 18,000 Netincome 8,000 Beginninginventories:Directmaterials 20,000 Workin process 18,000 Finishedgoods 62,000 Endingdirectmaterialsis20percentlargerthanbeginningdirectmaterials.Endingworkinprocessishalfofthebeginningworkinprocess.Endingfinishedgoodsincreasedby$8,000duringtheyear.Primecostsandconversioncostsare70percentand60percentoftotalmanufacturingcostsadded,respectively.Materialspurchasesare $113,200. Required: a. Prepareastatementofcostofgoodsmanufactured. b. Prepareanincomestatement. Note:Findthenumbersfortheincomestatementfirst. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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27 May 2016
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Prepareastatementofcostofgoodsmanufactured
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