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  • Costacc Lecture02 SW B

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    Lee Thomas Arvey Fernando
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    This document shows account information for a company across 2007, 2008 and 2009, including sales, costs of goods sold, manufacturing costs, inventory amounts and gross profit. It details direct materials purchases and usage, direct labor costs, manufacturing overhead, work in process and finished goods inventory amounts, and calculates cost of goods sold and gross profit for each year.

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    cost acc

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    costacc-lecture02-sw-b

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    This document shows account information for a company across 2007, 2008 and 2009, including sales, costs of goods sold, manufacturing costs, inventory amounts and gross profit. It details direct materials purchases and usage, direct labor costs, manufacturing overhead, work in process and finished goods inventory amounts, and calculates cost of goods sold and gross profit for each year.

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    7 views1 page

    Costacc Lecture02 SW B

    Uploaded by

    Lee Thomas Arvey Fernando
    This document shows account information for a company across 2007, 2008 and 2009, including sales, costs of goods sold, manufacturing costs, inventory amounts and gross profit. It details direct materials purchases and usage, direct labor costs, manufacturing overhead, work in process and finished goods inventory amounts, and calculates cost of goods sold and gross profit for each year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Nos.

    12- 17 2007 2008 2009


    Sales ?? 113,700 ??
    -Cost of goods sold:
    Direct Materials Inventory, Jan 1 8,000 ?? ??
    +Direct Materials purchases ?? 20,000 30,000
    Direct Materials available ?? 26,000 ??
    -Direct Materials Inventory, Dec 31 ?? 9,000 12,300
    Direct Materials used ?? ?? ??
    Direct Labor 20,000 23,500 ??
    Manufacturing Overhead 16,000 ?? 24,000
    Total Manufacturing Costs 53,000 ?? 90,900
    +Work in process inventory, Jan 1 12,000 18,000 ??
    -Work in process inventory, Dec 31 ?? 16,300 22,300
    Cost of good manufactured ?? 63,500 84,900
    +Finished goods inventory, Jan 1 ?? ?? ??
    Goods available for sale 62,000 84,500 103,200
    -Finished goods inventory, Dec 31 21,000 ?? ??
    Cost of good sold ?? ?? 83,200
    Gross Profit 49,000 ?? 46,800

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