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Author Question: All Rite Manufacturing reported the following: Revenue$450,000Beginning inventory of direct ... (Read 130 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
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.
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future617RT

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

xthemafja

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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