Assume the following from a schedule of cost of goods manufactured: Beginning work in process inventory $ 10,000 Ending work in process inventory $ 17,700 Beginning raw materials inventory $ 3,000 Ending raw materials inventory $ 6,000 Purchases of raw materials $ 38,000 Indirect materials used in production $ 4,000 Direct labor $ 17,000 Manufacturing overhead applied to production $ 32,000 What is the cost of goods manufactured

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"