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Cost of goods manufactured:
Particulars | Amount (in $) | Amount (in $) | |
Materials used in product | 128900 | ||
Add: | Labour cost of assembly-line product | 114800 | |
Add: | Manufacturing Overhead | ||
Factory supplies used | 32100 | ||
Property tax on plant | 23100 | ||
Depreciation on Plant | 63400 | ||
118600 | |||
Total manufacturing costs | 362300 | ||
Add: | Beginning Work in progress inventory | 14200 | |
Less: | Closing Work in progress inventory | 16900 | |
Cost of goods manufactured | 359600 |
Advertisement expense, delivery expenses, property tax on store, sales commission and salaries to sales clerks will not be included in calculating cost of goods manufactured.
Also finished goods inventory will be excluded from the above working.
Bramble Corporation incurred the following costs while manufacturing its product. Materials used in product $128,900 Advertising...
Bramble Corporation incurred the following costs while manufacturing its product. Materials used in product $128,900 Advertising expense $55,800 Depreciation on plant 63,400 Property taxes on plant 23,100 Property taxes on store 8,280 Delivery expense 24,800 Labor costs of assembly-line workers 114,800 Sales commissions 43,600 Factory supplies used 32,100 Salaries paid to sales clerks 60,400 Work in process inventory was $14,200 at January 1 and $16,900 at December 31. Finished goods inventory was $63,300 at January 1 and $48,200 at December...
Current Attempt in Progress Microsoft Lopez Corporation incurred the following costs while manufacturing its product. Support Materials used in product $128,900 $55,800 Depreciation on plant 63,400 Advertising expense Property taxes on plant Delivery expense 23.100 Property taxes on store 8.280 Labor costs of assembly-line workers 114,800 Sales commissions 24.800 43,600 60,400 Factory supplies used 32,100 Salaries paid to sales clerks Work in process inventory was $14.200 at January 1 and $16.900 at December 31. Finished goods inventory was $63.300 at...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $124,700 Advertising expense $50,500 Depreciation on plant 68,800 Property taxes on plant 22,700 Property taxes on store 8,230 Delivery expense 30,800 Labor costs of assembly-line workers 111,600 Sales commissions 41,800 Factory supplies used 25,300 Salaries paid to sales clerks 57,800 Work in process inventory was $14,200 at January 1 and $16,800 at December 31. Finished goods inventory was $69,300 at January 1 and $48,000 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $121,000 Advertising expense $46,000 Depreciation on plant 61,000 Property taxes on plant 15,000 Property taxes on store 7,600 Delivery expense 22,000 Labor costs of assembly-line workers 111,000 Sales commissions 36,000 Factory supplies used 24,000 Salaries paid to sales clerks 51,000 Work in process inventory was $13,000 at January 1 and $16,600 at December 31. Finished goods inventory was $61,000 at January 1 and $45,700 at December...
Crane Corporation incurred the following costs while manufacturing its product. Materials used in product $126,100 Advertising expense $53,400 Depreciation on plant 70,700 Property taxes on plant 16,500 Property taxes on store 8,060 Delivery expense 22,000 Labor costs of assembly-line workers 111,900 Sales commissions 44,200 Factory supplies used 24,000 Salaries paid to sales clerks 51,100 Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $130,000 Advertising expense $46,100 Depreciation on plant 64,500 Property taxes on plant 20,000 Property taxes on store 7,600 Delivery expense 26,800 Labor costs of assembly-line workers 120,900 Sales commissions 39,300 Factory supplies used 32,600 Salaries paid to sales clerks 54,900 Work in process inventory was $14,000 at January 1 and $16,700 at December 31. Finished goods inventory was $61,800 at January 1 and $49,800 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $121,000 Advertising expense $46,000 Depreciation on plant 61,000 Property taxes on plant 15,000 Property taxes on store 7,600 Delivery expense 22,000 Labor costs of assembly-line workers 111,000 Sales commissions 36,000 Factory supplies used 24,000 Salaries paid to sales clerks 51,000 Work in process inventory was $13,000 at January 1 and $16,600 at December 31. Finished goods inventory was $61,000 at January 1 and $45,700 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $122,200 Advertising expense $49,900 Depreciation on plant 69,200 Property taxes on plant 17,600 Property taxes on store 8,590 Delivery expense 28,300 Labor costs of assembly-line workers 113,100 Sales commissions 44,400 Factory supplies used 34,000 Salaries paid to sales clerks 51,300 Work in process inventory was $13,300 at January 1 and $17,200 at December 31. Finished goods inventory was $68,800 at January 1 and $47,900 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $126,400 Advertising expense 61,000 Property taxes on plant 7,650 Delivery expense 113,500 Sales commissions 29,300 Salaries paid to sales clerks $54,100 21,800 27,300 38,400 55,400 Work in process inventory was $14,600 at January 1 and $16,700 at December 31. Finished goods inventory was $70,900 at January 1 and $49,100 at December...
Hollywood 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 $19,000. Property taxes on store $7,500. Delivery expense - sales $21,000. Labour costs of assembly line workers $110,000. Sales commission $35,000. Salaries paid to sales clerks Factory supplies used $25,000. $50,000. Work in process inventory was $10,000 on January 1 and $14,000 at December 31. Finished goods inventory was $60,000 at Jahuary 1 and...