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Author Question: All Rite Manufacturing reported the following: Revenue$450,000Beginning inventory of direct ... (Read 160 times)

future617RT

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on: Mar 6, 2021
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
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by future617RT on Mar 6, 2021

Jody Vaughn

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Reply #1 on: Mar 6, 2021
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future617RT

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Reply 2 on: Mar 6, 2021
Excellent

debra928

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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