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Cullumber Corporation incurred the following costs while manufacturing its product: Materials used in product Depreciation on plant Property taxes on warehouse Labour costs of assembly-line workers Factory supplies used (a) x Your answer is incorrect. $120,700 63,800 Calculate the cost of goods manufactured. 8,230 110,000 25,300 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $45.100 19,100 Work in process inventory was $10,300 at January 1 and $14,500 at December 31. Finished goods inventory was $60,200 at January 1 and $50,700 at December 31. 21,400 35,450 50,100

Cullumber Corporation incurred the following costs while manufacturing its product: Materials used in product Depreciation on plant Property taxes on warehouse Labour costs of assembly-line workers Factory supplies used (a) x Your answer is incorrect. $120,700 63,800 Calculate the cost of goods manufactured. 8,230 110,000 25,300 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $45.100 19,100 Work in process inventory was $10,300 at January 1 and $14,500 at December 31. Finished goods inventory was $60,200 at January 1 and $50,700 at December 31. 21,400 35,450 50,100

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Cullumber Corporation incurred the following costs while manufacturing its product: Materials used in product Advertising expense Depreciation on plant Property taxes on plant Property taxes on warehouse Labour costs of assembly-line workers Factory supplies used (a) * Your answer is incorrect. Calculate the cost of goods manufactured. $120,700 63,800 8,230 Cost of goods manufactured 110,000 25,300 Work in process inventory was $10,300 at January 1 and $14,500 at December 31. Finished goods inventory was $60,200 at January 1 and $50,700 at December 31. Delivery expense Sales commissions Salaries paid to sales clerks $45.100 19,100 21,400 323330 35,450 50,100
Transcribed Image Text:Cullumber Corporation incurred the following costs while manufacturing its product: Materials used in product Advertising expense Depreciation on plant Property taxes on plant Property taxes on warehouse Labour costs of assembly-line workers Factory supplies used (a) * Your answer is incorrect. Calculate the cost of goods manufactured. $120,700 63,800 8,230 Cost of goods manufactured 110,000 25,300 Work in process inventory was $10,300 at January 1 and $14,500 at December 31. Finished goods inventory was $60,200 at January 1 and $50,700 at December 31. Delivery expense Sales commissions Salaries paid to sales clerks $45.100 19,100 21,400 323330 35,450 50,100
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