Other costs are also reported: administrative and marketing costs: 4.300 €; R&D costs: 2.000 €. For the valorization of inventories, the TAXER uses the FIFO criteria Allocation base for overhead: Preparing phase: cost direct labor Firing phase: time for firing You are required to determine: (unitary cost) of the products (only for completed batches) Manufacturing full costs ‒ The value of final inventories of direct materials, WiP and finished goods ‒ Gross profit and Net result ‒
Other costs are also reported: administrative and marketing costs: 4.300 €; R&D costs: 2.000 €. For the valorization of inventories, the TAXER uses the FIFO criteria Allocation base for overhead: Preparing phase: cost direct labor Firing phase: time for firing You are required to determine: ‒ Manufacturing full costs (unitary cost) of the products (only for completed batches) ‒ The value of final inventories of direct materials, WiP and finished goods ‒ Gross profit and Net result