Question 8 The following costs were incurred by a manufacturing company Materials used in product Depreciation...
Question 8 The following costs were incurred by a manufacturing company: Materials used in product $121,700 Depreciation on plant 6,500 Property taxes on plant 920 Labour costs of assembly-line workers 150,500 Factory supplies used 2,800 Advertising expense 5,200 Factory insurance 21,500 Factory supervisor’s salary 50,250 Work in process inventory was $5,100 at January 1 and $6,300 at December 31. Finished goods inventory was $30,700 at January 1 and $30,400 at December 31. Find cost of manufactured goods and cost of...
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...
Question 1 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 $130,300 Advertising expense $55,200 24,300 26,100 38,100 59,300 62,500 Property taxes on plant 8,270 Delivery expense 116,100 Sales commissions 34,000 Salaries paid to sales clerks Work in process inventory was $14,400 at January 1 and $17,600 at December 31. Finished goods inventory was $61,100 at January 1 and $48,500...
Whispering Winds Corp. 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 $130,300 Advertising expense 62,500 Property taxes on plant 8,270 Delivery expense 116,100 Sales commissions 34,000 Salaries paid to sales clerks 24,300 26,100 38,100 59,300 Work in process inventory was $14,400 at January 1 and $17,600 at December 31. Finished goods inventory was $61,100 at January 1 and $48,500 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...
Managerial Accounting E15-8 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...
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...