leonorh35
Jul 16, 2012, 09:20 PM
I have been trying to figure out this problem. Can anyone help me?
Materials used in product 103,000
Depreciation on plant 66,000
Property taxes on store 8,200
Labor costs of assembly-line workers 115,000
Factory supplies used 26,000
Advertising expense 56,000
Property taxes on plant 17,000
Delivery expense 24,000
Sales commission 40,000
Salaries paid to sales clerks 53,000
Work-in-process inventory beginning 13,200
Work-in-process inventory end 17,400
Finished goods inventory beginning 6
Finished goods inventory end 59,100
(a)Compute cost of goods manufactured.
(b)Compute cot of goods sold.
Can someone help
Materials used in product 103,000
Depreciation on plant 66,000
Property taxes on store 8,200
Labor costs of assembly-line workers 115,000
Factory supplies used 26,000
Advertising expense 56,000
Property taxes on plant 17,000
Delivery expense 24,000
Sales commission 40,000
Salaries paid to sales clerks 53,000
Work-in-process inventory beginning 13,200
Work-in-process inventory end 17,400
Finished goods inventory beginning 6
Finished goods inventory end 59,100
(a)Compute cost of goods manufactured.
(b)Compute cot of goods sold.
Can someone help