Journalize for griffin total december sales and cost of goods sold in two summary entries, under the perpetual system. the selling price was $ 500 per unit and all sales were on credit. assume that griffin uses the fifo inventory method. (record debits first, then credits. exclude explanations from any journal entries.) let's start by recording the entry for december sales. do not yet record the cost related to the sale. we will do this in the next journal entry. journal entry date accounts debit credit accounts receivable 8,000 sales revenue 8,000

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit. the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not