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Sandpaper $17,000 Direct Labor 680,000 Small tools 100,000 Materials inventory, Jan 1 120,000 Materials inventory, Dec...

Sandpaper $17,000
Direct Labor 680,000
Small tools 100,000
Materials inventory, Jan 1 120,000
Materials inventory, Dec 31 86,000
Materials purchased 980,000
Machine helpers salaries 86,000
finished goods Jan 1 210,000
finished goods dec 31 400,000
sales 4,000,000
leasing costs, plant 120,000
work in process jan 1 30,00
work in process dec 31 20,000
depreciation, plant 70,000
sales commission 200,000
property taxes, plant 10,000
insurance, factory equipment 5,000
sales salaries 180,000
advertising costs 150,000
office administration costs 250,000
units completed 82,000

Determine the total amounts of money tied up in production?
a. $2,112,000
b. $2,101,000
c. $2,322,000
d. $2,132,000

Compute the Net Income (loss) assuming that its in 30% tax bracket
a. $1,454,600
b. $1,298,00
c. $1,431,000
d. $908,600

Determine the unit cost?
a. $25.76
b. $25.63
c. $23.44
d. $12.37
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Answer #1

980,000 Pialamat slawing cost of goods Manufactured fasticulare Amount: opeing materaits Tan. I 120.000 materail Purchases te$ 2.119,000 > Computation of Net in come- Cose of goods manufactured Office and admini Station Esep Advertising $ 950,000 $ 1

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