Finding Cost of Goods sold and Profit margin
By using the information given, please construct the company's Cost of goods sold and then the company's Profit Margin.
Sales and Administrative / Operating Expenses $579,000
Manufacturing Overhead $ $353,200
Beginning Materials Inventory $ $87,900
Ending Materials Inventory $ $46,120
Raw Materials Purchased $ $125,000
Beginning work in Process Inventory $ $96,400
Ending work in process Inventory $ 62,300
Beginning goods finished Inventory $ 48,120
Ending finished goods inventory $ 139,900
Direct Labor Expenses $ 317,678
Sales $ 2,156,120
Using this information, you need to find the company's ( cost of goods sold ). After finding that, next you need to find the company's Gross Margin.
