Question

class differ (LO2) $16,000 E14.7 National Express reports the followi National Express reports the following costs and expenses in June 2017 for its delivery service. Indirect materials $ 6,400 Drivers' salaries Depreciation on delivery equipment 4,600 11,200 Advertising Dispatcher's salary 300 5,000 Delivery equipment repairs Property taxes on office building 870 Office supplies 650 CEO's salary 990 12,000 Office utilities Gas and oil for delivery trucks 2,200 Repairs on office equipment 180 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs. Com man: (LO 3 E14-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000 Advertising expense $45.000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line Sales commissions 35,000 workers 110,000 Salaries paid to sales Factory supplies used 23,000 clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January 1 and $45,600 at December 31. Instructions (a) Compute cost of goods manufactured. (b) Compute cost of goods sold. E14.9 An incomplete cost of goods manufactured schedule is presented below. Dete in ce sche (LOS HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) $210,000 Direct materials Raw materials inventory (1/1) $ 2 Add: Raw materials purchases 158,000 Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000 Factory utilities 68,000 Total overhead 122.000 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cu of moods manufactured 81.000 $540.000

Answer 1

Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!

National Express
Answer a
Product costs	Amount $
Indirect Material	6,400.00
Depreciation delivery equipment	11,200.00
Dispatcher's Salary	5,000.00
Gas and oil for delivery trucks	2,200.00
Driver's salaries	16,000.00
Delivery equipment repairs	300.00
Product costs	41,100.00
	$//img.homeworklib.com/questions/51da7810-6f73-11ea-875b-6b909cb1fe15.gif?x-oss-process=image/resize,w_560$
Answer b
Period costs	Amount $
Property tax on office building	870.00
CEO's salary	12,000.00
Advertising	4,600.00
Office supplies	650.00
Office utilities	990.00
Repairs to office equipment	180.00
Period costs	19,290.00