This topic contains a solution. Click here to go to the answer

Author Question: All Rite Manufacturing reported the following: Revenue$450,000Beginning inventory of direct ... (Read 162 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
All Rite Manufacturing reported the following:

Revenue$450,000
Beginning inventory of direct materials, January 1, 201530,000
Purchases of direct materials153,000
Ending inventory of direct materials, December 31, 201518,000
Direct manufacturing labor26,000
Indirect manufacturing costs42,000
Beginning inventory of finished goods, January 1, 201547,000
Cost of goods manufactured233,000
Ending inventory of finished goods, December 31, 201541,000
Operating costs157,000
What is All Rite's gross margin (or gross profit)?
◦ $54,000
◦ $217,000
◦ $211,000
◦ $60,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by future617RT on Mar 6, 2021

Jody Vaughn

  • Sr. Member
  • ****
  • Posts: 344
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly




future617RT

  • Member
  • Posts: 543
Reply 2 on: Mar 6, 2021
Gracias!


Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

For a complete list of videos, visit our video library