Managerial Accounting

Beginning Ending

Raw material .................................................. ..................$142,000 $162,000
Work in process .................................................. ...............160,000 60,000
Finished goods .................................................. .............. 180,000 220,000
Other data:
Direct material used .................................................. ..................................... $652,000
Total manufacturing costs charged to production during the year
(includes direct material, direct labor, and manufacturing overhead
Applied at a rate of 60% of direct-labor cost) .............................................. 1,372,000
Cost of goods available for sale ..................................... 1,652,000
Selling and administrative expenses ................................... 63,000

Required:
1. What was the cost of raw materials purchased during the year

2. What was the direct-labor cost charged to production during the year?

3. What was the cost of goods manufactured during the year?

4. What was the cost of goods sold during the year?