22 Jul WHAT WAS THE COST OF GOODS SOLD?
At the end of January Mineral Labs had an inventory of 965 units which cost 13 perunit to produce. Show more At the end of January Mineral Labs had an inventory of 965 units which cost 13 perunit to produce. During february the company produced 1850 unit at a cost of 17 per unit. If the firm sold 2750 units in february What was the cost of goods sold? if the firm sold 2750 units in February what was the cst of goods sold? MATERIAL-5 perunit LABOR 3 per unnit OVERHEAD 1 per unit begininning inventory at these costs on july 1 was 3450 units. from july 1 to december 1 2014 Beil produced 12900 units. these units had a material cost of 4 labor of 6 and overhead of 3 per unit. Beil uses LIFO. Assuming that Beil sold 14800 units during the last 6 months of the year at 18 each what is its gross profit what is the value of ending inventory Show less
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