Jackson Grills Has Supplied the Following Information from Its Accounting

question 119

Essay

Jackson Grills has supplied the following information from its accounting records for the month of August. $\begin{array} { l r } \text { Direct labour cost } & \$ 11,500 \\\text { Purchases of raw materials } & 20,000 \\\text { Factory depreciation } & 7,500 \\\text { Advertising } & 10,000 \\\text { Factory property taxes } & 6,500 \\\text { Materials inventory, } 8 / 1 & 1,250 \\\text { Materials inventory, } 8 / 31 & 2,500 \\\text { Work-in-process inventory, } 8 / 1 & ? \\\text { Work-in-process inventory, } 8 / 31 & 1,500 \\\text { Cost of goods manufactured } & 45,850 \\\text { Sales revenue } & ? \\\text { Executive salary cost } & 25,000 \\\text { Finished goods inventory, } 8 / 1 & 5,500 \\\text { Finished goods inventory, } 8 / 31 & 4,250 \\\text { Operating income } & 67,900 \\\text { Gross margin } & ?\end{array}$ Required: Solve for the missing amounts (?).

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Definitions:

Americas

A collective term for the continents of North and South America, including the associated islands and regions therein.

Domestication

The process of adapting wild plants and animals for human use, such as for food, work, clothing, or companionship.

Reproductive Success

The relative production of fertile offspring by a genotype. In practical terms, the number of offspring produced by individual members of a population is tallied and compared to that of others.