The following costs are provided by Chess business regarding the production of 5,000 school bags for September 2021. Costs of direct materials used $ 8,000 Direct labor costs 12,000 Manufacturing overheads 5,500 Selling and distribution 4,000 Administration costs 3,000 The value of inventories at the beginning and end of September are as follows: 1/9/21 31/12/21 Work-in Process inventory $ 0 $500 Finished goods inventory 400 200 Chess uses absorption costing system. During September 4,960 bags are sold at a price equal to the cost plus $7 profit for each unit. Required A) What is the cost of producing the 5,000 units? B) Prepare the profit and loss for the month ended September 2021.
https://helpmewriteessay.xyz/wp-content/uploads/2021/08/whatsapp-logo-300x115.jpeg 0 0 First class essays https://helpmewriteessay.xyz/wp-content/uploads/2021/08/whatsapp-logo-300x115.jpeg First class essays2022-04-21 06:57:162022-04-21 06:57:16The following costs are provided by Chess business regarding the production of 5,000 school bags for September 2021. Costs of direct materials used $ 8,000