Page 174 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 174
Chapter 8
A Marginal costing profit statement
$ $
Sales 212,500
Less Cost of sales:
Opening inventory 2,150
Variable cost of production 129,000
Less Closing inventory 23,650
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107,500
Less Other variable costs 21,250
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Contribution 83,750
Less fixed costs 35,000
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Profit/loss 48,750
Closing inventory = 50 + 3,000 – 2,500 = 550
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