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Question 7: Given are the data of Coopers Ltd for the year ended 30th June 2018. Opening stock (1st July 2017) 5,000 units .
Question 7:
Given are the data of Coopers Ltd for the year ended 30th June 2018.
Opening stock (1st July 2017) 5,000 units .
Units produced 30,000 Units.
Units sold 33,000 Units.
Closing stock (30th June, 2018) 2,000 Units.
Closing Stock $14,140
Opening Stock $36,000
Variable Costs $177,000
Selling Cost:
Variable Cost $170,000
Fixed $25,000
Selling price per unit. $20
Required:
Using Excel Spreadsheet prepare Income Statement under Absorption Costing Method.
