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A manufacturing company adds a factory profit of 25% to its cost of production. The...

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Accounting

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A manufacturing company adds a factory profit of 25% to its cost of production. The following intormation is walable for the period ended Mareh 31,2020 . Sales revenue for the period 5520000 Inventory of finished goods 1 Aprit 2019 Nil Cost of goods produced transterred to income Statement (including mark-up), for the yeat ended 31/03/2020 $375000 Closing inwentory of finished goods as per income Statement (includes unrealsed Profit $60000 Hint: Gross profit = Sales revenue - Cost of sales Adiust aross prohit with unreslided brofit How much will be reported as grous profit on the income statement for the year ended 31 March 20801 a. $191000 b. cosen 1205000 a. $280000

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