Please help me with correct answer thanku Cullumber Corporation incurred the following costs while manufacturing its product:Materials used in productAdvertising expenseDepreciation on plantProperty taxes on plantProperty taxes on warehouseLabour costs of assembly-line workersFactory supplies used(a)* Your answer is incorrect.Calculate the cost of goods manufactured.$120,70063,8008,230Cost of goods manufactured110,00025,300Work in process inventory was $10,300 at January 1 and $14,500 at December 31. Finished goods inventory was $60,200 at January1 and $50,700 at December 31.Delivery expenseSales commissionsSalaries paid to sales clerks$45.10019,10021,40032333035,45050,100

The term COGM (cost of goods manufactured) refers to a schedule or statement that lists all…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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