Question

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 January December 31 Compute cost of goods manufactured Cost of goods manufactured $ eTextbook and Media Save for Later Attempts of 3 used to MacBook Air 1 8 weru

Answer 1

Schedule of Cost of Goods Manufactured
Materials used in product	128,900
Labor cost of assembly - line workers	114,800
Manufacturing overheads:
Depreciation on plant	63,400
Factory supplies used	32,100
Property taxes on plant	23,100
Total Manufacturing Cost	362,300
Work in process inventory, January 1	14,200
Work in process inventory, December 31	-16,900
Cost of goods manufactured	$359,600

Cost of goods manufactured

$359,600

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