Thanks God, that I founded you through Facebook!
As for the problem from Managerial Accounting, I am lost to begin with... but I would appreciate if you could help me with this exercise =/
The following info. is available for the first month of operationsof Korv Inc., a manufacturer of art and craft items:
Sales - $775,000
Gross profit - 265,000
Indirect labor - 63,000
Indirect materials - 32,000
Other factory o/h - 17,500
Materials purchased - 303,000
Total manufacturing costs for the period - 620,000
Materials inventory, end of period - 35,000
By using the above info, determine the following missing amounts:
(a) COGS ?
(b) DM cost ?
(c) DL cost ?
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