Homework Answers
ANSWER:
| Particulars | Calculations | Amount |
|---|---|---|
| Raw material | (6000 - 5580) x $10 | $4200 |
| Work in process | (5540 x 15%) x $10 | $8310 |
| Finished goods | (5540 x 85% x 30%) x $10 | $14127 |
| Cost of goods sold | (5540 x 85% x 70%) x $10 | $32963 |
| Selling expenses | 40 x $10 | $400 |
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