Question

help please

Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows The company intends to classify these costs and expenses into the following categories: (a) direct materials. (b) direct labore manufacturing overhead, and (d) period costs. For each item, indicate the cost category to which it belongs. Item Category 1. Property taxes on the factory building. Production superintendents' salaries. Memory boards and chips used in assembling computers. Depreciation on the factory equipment. Salaries for assembly-line quality control inspectors. .. Sales commissions paid to sell laptop computers. 7. Electrical components used in assembling computers. 8. Wages of workers assembling laptop computers. 9. Soldering materials used on factory assembly lines. 10. Salaries for the night security guards for the factory building.

Answer 1

Answer-1-

	Item	Category
1.	Property taxes on the factory building.	Manufacturing Overhead
2.	Production superintendents' salaries.	Manufacturing Overhead
3.	Memory boards and chips used in assembling computers.	Direct Materials
4.	Depreciation on the factory equipment.	Manufacturing Overhead
5.	Salaries for assembly-line quality control inspectors.	Direct Labor
6.	Sales commissions paid to sell laptop computers.	Period Costs
7.	Electrical components used in assembling computers.	Direct Materials
8.	Wages of workers assembling laptop computers.	Direct Labor
9.	Soldering materials used on factory assembly lines.	Manufacturing Overhead
10.	Salaries for the night security guards for the factory building.	Manufacturing Overhead

2-CEPEDA CORPORATION

Cost Of Goods Manufactured Schedule

For Month Ended June 2020

Particulars	Amount ($)	Amount ($)	Amount ($)
Work in process inventory, June 1			3,970
Direct materials used		22,410
Direct Labor		42,100
Manufacturing Overhead:-
Indirect factory labor	4,690
Factory manager's salary	3,930
Indirect materials	2,810
Maintenance, factory equipment	1,910
Depreciation.factory equipment	1,770
Factory utilities	430
Total Manufacturing Overheads		15,540
Total Manufacturing Costs ($22,410+$42,100+$15,540)			80,050
Total Cost of work in process			84,020
Less: Work in process, June 30			4,410
Cost of Goods Manufactured			$79,610

CEPEDA CORPORATION

Income Statement (Partial)

For Month Ended June 2020

Particulars	Amount ($)	Amount ($)
Net Sales
Cost of Goods sold
Finished Goods June 1	5,650
Add: Cost of goods manufactured	$79,610
Cost of goods available for sale	$85,260
Less: Finished Goods on June 30	8,030
Cost of Goods Sold		$77,230
Gross Profit (Sales-Cost of goods sold)

As you haven't given Net Sales amount anywhere so i left Net sales column blank and gross profit also can't be determine without net sales because gross profit = net sales- gross profit. if you have sales amount then put into this formula and you will get gross profit rest i have done.

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