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  3. b. determine cost of product manufactured and sold

B. Determine Cost of Product Manufactured and Sold. 1. You receive the earnings of the...

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Finance

B. Determine Cost of Product Manufactured and Sold. 1. You receive the earnings of the shares of $ 1000. 2. 100 pounds received with a direct materials bill of $ 600. 2. 40 pounds are used for production. 4. The salary for the direct work week is paid for $ 250. 5. The electricity bill is received for $ 120. 6. You pay $ 240 of the bill of materials. 7. The electricity is paid. 8. A sale of $ 1500 is made and the customer is billed. 9. The client pays us $ 800 of the invoice. 10. $ 800 is paid for selling and distribution expenses 11. An $ 8000 computer was purchased with a loan. 12 The first year of the equipment was depreciated with a life of 8 years and a residual value of $ 2,000.

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