Reference no: EM132755731
You are the accountant for XYZ Company. Management provided you with the following data for the year 2019.
Sales $990,000
Direct Materials Used $90,000
Direct labour $200,000
Manufacturing overhead $230,000
Administrative expenses $150,000
Selling expenses $140,000
Work in process, beginning $70,000
Work in process, ending $50,000
Finished goods inventory, beginning $120,000
Finished goods inventory, ending $160,000
Problem A. Compute the Cost of Goods Manufactured
Problem B. Compute the Cost of Goods Sold
Problem C. What is the Gross Margin for 2019?
Problem D. Compute the Operating Income for 2019.
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