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  3. you have the following information direct labor $

You have the following information Direct labor $50000 Direct material $70000 Manufacturing overhead $30000 WIP jun1 $25000 WIP jun 30...

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Accounting

You have the following information 

Direct labor $50000 

Direct material $70000 

Manufacturing overhead $30000 

WIP jun1 $25000 

WIP jun 30 $30000 

Finished goods jun1 $15000 

Finished goods jun30 $25000 

Sold unite 10000 

Unit unit selling price $30 

Selling expenses 30000 

Demonstrative expenses 15000 

You are required to calculate 

1- Cost of manufactured goods 

2- Cost of sold goods 

3- Gross margin (income) 

4- Operational income 


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