Question

E2-26A (book/static) Question Help Compute the Cost of Goods Manufactured and Cost of Goods Sold for West Nautical Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. 囲(Click the icon to view the data.) Data Table Start the calculation for cost of goods manufactured by calculating the direct materials u West Nautical Company Calculation of Direct Materials Used For Current Year End of Year $ 11,500 Beginning End of of Year Year Raw materials inventory Work in process inventory Finished gaods inventony Purchases of direct materials Direct labor Indirect labor $ 23,00025,000 Insurance on plant $ 35,00031,000 Depreciation-plant building and equipment 13,400 Repairs and maintenance-plant Plus: $ 3,700 $ 77,000 $ 28,500 $ 20,00022,000 $74,000 Marketing expenses $86,000 General and administrative expenses Less Direct materials used 42,000 Choose from any list or enter any number in the input fields and then click Check Print Done parts remaining Clear All Check Answer

Answer 1