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Direct Materials Used is: Cost of Goods Sold is closest to: Cost of Goods Manufactured is closest to:

Direct Materials Used is: Cost of Goods Sold is closest to: Cost of Goods Manufactured is closest to:

FINANCIAL ACCOUNTING
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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Administrative Expenses Beginning Finished Goods Beginning Raw Materials Beginning WIP Depreciation on Factory Equip Direct Labor Ending Finished Goods Ending Raw Materials Ending WIP Factory Utilities Indirect Materials Used from Raw Materials Insurance (70% for factory 30% for admin) Marketing Expenses Raw Materials Purchases Repair and Maintenance on Factory Equip Sales Sales Supervision $ 686,200 $ 108,620 $ 427,150 $ 20,625 $ 202,035 $ 756,908 $ 93,612 $ 501,302 $ 27,941 $ 312,052 $ 87,712 $210,855 $ 442,807 $ 2,422,920 $ 129,246 $ 6,420,456 $ 294,485
Transcribed Image Text:Administrative Expenses Beginning Finished Goods Beginning Raw Materials Beginning WIP Depreciation on Factory Equip Direct Labor Ending Finished Goods Ending Raw Materials Ending WIP Factory Utilities Indirect Materials Used from Raw Materials Insurance (70% for factory 30% for admin) Marketing Expenses Raw Materials Purchases Repair and Maintenance on Factory Equip Sales Sales Supervision $ 686,200 $ 108,620 $ 427,150 $ 20,625 $ 202,035 $ 756,908 $ 93,612 $ 501,302 $ 27,941 $ 312,052 $ 87,712 $210,855 $ 442,807 $ 2,422,920 $ 129,246 $ 6,420,456 $ 294,485
Direct Materials Used is: Cost of Goods Sold is closest to: Cost of Goods Manufactured is closest to:
Transcribed Image Text:Direct Materials Used is: Cost of Goods Sold is closest to: Cost of Goods Manufactured is closest to:
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