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    johnfa1980's Avatar
    johnfa1980 Posts: 1, Reputation: 1
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    #1

    Mar 2, 2007, 08:02 PM
    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.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Mar 2, 2007, 11:28 PM
    What do YOU think the answer is?
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