Answer:
<em>Questions</em>
What is the company's cost of goods sold for the month?
COGS 33,000
What is the company's net income for the month?
net loss 4,333
What is the company's ending inventory for the month?
16,667
Missing Information:
It sold 8,00 units
Explanation:
manufacturing cost:
rent on factory 8000 +
factory workers salary 24000 +
direct materials 18000 = 50,000
cost per unit considering it produced 12,000:
50,000 / 12,000 = (4 + 1/6)
then, cost of good sold: cost per unit x units sold
(4 + 1/6) x 8,000 = 33,333.33
ending inventory 50,000 manufactured - 33,333 sold = 16,667 ending inventory
income for the month:
8,000 x 5 40,000
COGS <u> - 33,333 </u>
gross margin 6,667
adv expense -5,000
admin expense <u>-6,000 </u>
net loss 4,333
