The cost of goods manufactured and sold

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Reference no: EM13933685

Michael Hall asks you to review the results for the month and evaluate the company's approach to estimating product cost. In doing so, you should:

1. Comment on the cost classifications used in CTC's income statement.

2. Estimate the cost of goods manufactured and sold.

3. Prepare a revised income statement for the month.

4. Summarise the differences between your income statement and the one above.

5. Choose a more useful format for analysing costs than that used in your revised income statement.

6. Propose recommendations for changes.

Reference no: EM13933685

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