41 Compute gross profit for April Compute gross proft for Gr

4.1 Compute gross profit for April Compute gross proft for Gross Profit 4.2 Show how to present the inventori Inventories Raw materials Work Finished goods Total inventories in process

Solution

4.1) Compute gross profit :

Gross profit for april = $343000

4.1) Present inventories :

269500

Sales	695000
Direct material	163000
Direct labour	126000
Manufacturing overhead	63000
Gross profit	343000