In: Accounting
Based on the following information, complete the required calculations listed below:
Assume the number of units produced was 10,000 units and the
number of units sold was 7,000 units.
Calculations for you to make:
1. Total Product Costs -
2. Total Manufacturing Overhead -
3. Unit Product Cost -
4. Cost of Goods Sold -
5. Gross Profit -
6. Net Profit -
7. The Amount of Inventory to be reported on the balance sheet
Closing Stock | |
Closing Stock (3000 Units x $ 38.5) | 115,500 |