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# \$5.00Use the following information to determine the gross margin for Pacific States Manufacturing for the year just ended (al

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Q:

Use the following information to determine the gross margin for Pacific States Manufacturing for the year just ended (all amounts are in thousands (\$000) of dollars:

Sales                                                                           \$31,800

Purchases of direct materials                                         7,000

Direct labor                                                                    5,000

Work in process inventory, 1/1                                         800

Work in process inventory, 12/31                                  3,000

Finished goods inventory, 1/1                                       4,000

Finished goods inventory, 12/31                                   5,300

Accounts payable, 1/1                                                    1,700

Accounts payable, 12/31                                                1,500

Direct materials inventory, 1/1                                       6,000

Direct materials inventory, 12/31                                   1,000

Indirect labor                                                                    600

Indirect materials used                                                      500

Utilities expense, factory                                               1,900

Depreciation on factory equipment                               3,500

Gross Margin  _________________

Tutorial

\$5.00
Use the following information to determine the gross margin for Pacific States Manufacturing for the year just ended (al
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• Posted on Dec. 03, 2011 at 12:15:20AM
A:
Preview: ... Â Â Â Â Â Â Â Â Â Â Â Â  1,700 Â Â Â Â Â Â Â Â Â Â Â  Accounts payable, 12/31 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  1,500 Â Â Â Â Â Â Â Â Â Â Â  Direct materials inventory, 1/1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  6,000 Â Â Â Â Â Â Â Â Â Â Â  Direct materials inventory, 12/31 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  1,000 Â Â Â Â Â Â Â Â Â Â Â  Indirect labor Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  ...

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