B-17.05 Problem

B-17.05 Problem - Finished goods inventory decreased by...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
B-17.05 White Manufacturing transferred $4,500,000 of raw materials into production during the most recent year. Direct labor and factory overhead for the period totaled $3,000,000. Beginning work in process was $1,000,000 and ending work in process was $1,300,000.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Finished goods inventory decreased by $75,000. If gross profit was $2,400,000, how much was sales for the period?...
View Full Document

This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

Ask a homework question - tutors are online