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Fill in the Missing Data in the Profit and Loss

Question 5

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Fill in the missing data in the profit and loss statement below.  Dollars  Percent of Sales Revenue $1,000,000100% Cost of Goods Sold Direct Material $500,000 Direct Labor20%Factory Overhead $200,00020%Total Cost of Goods $900,00090% Bold Gross Profit $100,000\begin{array}{llcc}&& \text { Dollars }& \text { Percent of Sales}\\ \text { Revenue } &&\$1,000,000&100\%\\ \text { Cost of Goods Sold } &\\ \text {Direct Material } &\$500,000\\ \text { Direct Labor} &\underline{\quad\quad}&&20\%\\ \text {Factory Overhead } &\$200,000&&20\%\\ \text {Total Cost of Goods } &&\underline{\$900,000}&90\%\\ \text { Bold } &\\ \text {Gross Profit } &&\$100,000&\underline{\quad\quad}\\\end{array}

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Direct Labor is $200,000; Dire...

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