Baltimore Manufacturing Company just completed its year ended on December 31, 2018. Depreciation for the year amounted to $130,000: 25% relates to sales, 20% relates to administrative facilities, and the remainder relates to the factory. Of the total units produced during FY 2016: 70% were sold in 2018 and the rest remained in the finished goods inventory. Use this information to determine the dollar amount of the total depreciation that will be contained in the Cost of Goods Sold.
Baltimore Manufacturing Company just completed its year ended on December 31, 2018. Depreciation for the year amounted to $130,000: 25% relates to sales, 20% relates to administrative facilities, and the remainder relates to the factory. Of the total units produced during FY 2016: 70% were sold in 2018 and the rest remained in the finished goods inventory. Use this information to determine the dollar amount of the total depreciation that will be contained in the Cost of Goods Sold.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Baltimore Manufacturing Company just completed its year ended on
December 31, 2018. Depreciation for the year amounted to $130,000:
25% relates to sales, 20% relates to administrative facilities, and the
remainder relates to the factory. Of the total units produced during FY
2016: 70% were sold in 2018 and the rest remained in the finished
goods inventory.
Use this information to determine the dollar amount of the total
depreciation that will be contained in the Cost of Goods Sold.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F56dfc94e-5013-485f-90b4-b31b26afc435%2Ff0333c7b-9f74-4900-ac0e-d5dd6cfc9d17%2Ftdc6nfq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Baltimore Manufacturing Company just completed its year ended on
December 31, 2018. Depreciation for the year amounted to $130,000:
25% relates to sales, 20% relates to administrative facilities, and the
remainder relates to the factory. Of the total units produced during FY
2016: 70% were sold in 2018 and the rest remained in the finished
goods inventory.
Use this information to determine the dollar amount of the total
depreciation that will be contained in the Cost of Goods Sold.
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