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Determine the following in dollars Raw materials




Presented below is selected information from the Kudlick Company's current period accounting records (in $000s);Sales $25,000;Raw materials used 5,500;Direct Labor Costs 2,000;Period Costs 5000;Beginning raw materials inventory 600;Ending raw materials inventory 2000;Net income 600;Beginning work in progress inventory 0;Ending work in progress inventory 600;Beginning finished goods inventory 1400;Ending finished goods inventory 800;note: all raw materials used were direct materials;Required: Determine the following in dollars;a. Raw materials;b. Gross profit;c. Cost of goods manufactured;d. Manufacturing overhead


Paper#23925 | Written in 18-Jul-2015

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