Solution-Prepare a cost of goods sold statement for last

Prepare a cost of goods sold statement for last year

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Reference no: EM132699760

Problem - Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. Brody provided the following information for last year: Last year, Brody completed 100,000 units. Sales revenue equaled $1,200,000, and Brody paid a sales commission of 5% of sales.

Required -

Calculate the direct materials used in production for last year.

Calculate total prime cost.

Calculate total conversion cost.

Prepare a cost of goods manufactured statement for last year. Calculate the unit product cost.

Prepare a cost of goods sold statement for last year.

Prepare an income statement for last year. Show the percentage of sales that each line item represents.

Reference no: EM132699760

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Prepare a cost of goods sold statement for last year

Reference no: EM132699760

Reference no: EM132699760

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