Question

This 60 pts This records.) Inventory Used Sales salaries Delivery costs

Answer 1

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solved que no 1 as per HOMEWORKLIB POLICY. please post remaining one separately.
Requirement -1
Cost of goods manufactured
Beginning Work in Process				$           -
Direct Material used:
Beginning Direct Material		$ 13,200
Add: Purchases		$ 30,000
Direct Material available for use		$ 43,200
Less: Ending Direct Material		$   -9,000
Direct Material used			$ 34,200
Direct Labor			$ 18,000
Manufacturing Overhead:
Plant Janitoral Service		$       500
Utilities for plant		$    1,000
Rent for plant		$ 12,000
Total manufacturing Overhead			$ 13,500
Total Manufactuirng incurred during the year				$   65,700
Total Manufacturing Cost to account for				$   65,700
Less: Ending Work in Process				$    -2,000
Cost of Goods Manufactured				$   63,700
Requirement -2
Income Statement
Net Sales Revenue			$114,000
Less: Cost of Goods Sold
Beginning Finished Goods Inventory		$          -
Add: Cost of Goods Manufactured		$ 63,700
Cost of Goods Availble for sale		$ 63,700
Less: Ending Finished goods Inventory		$   -6,100
Cost of Goods Sold			$ -57,600
Gross Profit			$ 56,400
Less: Selling and Admin Expense
Sales salaries		$    5,400
Delivery Cost		$    1,000
Customer Service		$    1,700
Total selling and admin expense			$   -8,100
Operating Income			$ 48,300
Requirement -3
Manufacturer's cost of goods sold is based on its	cost of goods manufactured.
Merchandiser's cost of goods sold is based on its	merchandise purchases
Requirement -4
Total Manufacturing Cost to account for	From Requirement -1			$   65,700
No of Units Produced				17,800
Unit product cost				$       3.69