Question

ABC Ltd. incurred the following costs while manufacturing its product. Materials used in
product 120000 Depreciation on plant 60000 Property taxes on store 7500 Labor costs of
assembly line workers 110000 Factory supplies used 23000 Advertising expense 45000
Property taxes on plant 14000 Delivery expense 21000 Sales commissions 25000 Salaries
paid to sales clerks 45000 Sales Revenue 496000 Sales Discount 12900 Work in process
inventory was 12000 at January 1 and 15500 at December 31. Finished goods inventory was
60000 at January 1 and 45000 at December 31. Compute net profit.​

Answer 1

Answer:

*AN IMPORTANT MESSAGE*

*Parents are requested to clear all school dues till September then only we will take FIRST SEMESTER EXAMS.*

*Please clear the dues by 15 Sept .*

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*PRINCIPAL*