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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27c9ffc8-caf5-4a01-9236-94db3faf410c%2Fc6532a00-358b-46de-b3b0-fc1b12e66c1e%2Fzgntkwu_processed.jpeg&w=3840&q=75)
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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