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Author Question: Pederson Company reported the following: Manufacturing costs$1,750,000Units manufactured50,000Units ... (Read 46 times)

newyorker26

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on: Mar 6, 2021

Question 1

Merchandising-sectors ________.
◦ purchase and then sell tangible products without changing their basic form
◦ provide intangible products
◦ purchase materials and components and convert them into finished goods
◦ purchase and then sell tangible products by changing their basic form

Question 2

Pederson Company reported the following:

Manufacturing costs$1,750,000
Units manufactured50,000
Units sold45,000 units sold for $70 per unit
Beginning inventory0 units

What is the amount of gross profit margin?
◦ $1,750,000
◦ $3,150,000
◦ $4,725,000
◦ $1,575,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by newyorker26 on Mar 6, 2021

morrie123456

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Reply #1 on: Mar 6, 2021
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newyorker26

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

T4T

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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