Homework Answers
| Particulars | Amount |
| Material used | 135000 |
| Labour cost of assembly line operators | 110000 |
| Factory overheads:- | |
| Factory supplies used | 25000 |
| Depreciation on plant | 60000 |
| Property tax on plant | 19000 |
| Add:Opening work in progress | 17500 |
| Less:Closing work in progress | (14000) |
| Cost of Goods manufactured | 352500 |
| Add:Opening finished goods inventory | 60500 |
| Less:Closing finished goods inventory | (42000) |
| Cost of goods sold | 371000 |
a) Cost of Goods manufactured = 352500
b) Cost of goods sold for period ended 31/12/2017 = 371000
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Materials used in product
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Advertising expense
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Depreciation on plant
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Property taxes on plant
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Property taxes on store
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Delivery expense
24,800
Labor costs of assembly-line workers
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Sales commissions
43,600
Factory supplies used
32,100
Salaries paid to sales clerks
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manufacturing its product.
Materials used in product
$121,000
Advertising expense
$46,000
Depreciation on plant
61,000
Property taxes on plant
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Property taxes on store
7,600
Delivery expense
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Labor costs of assembly-line workers
111,000
Sales commissions
36,000
Factory supplies used
24,000
Salaries paid to sales clerks
51,000
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