Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product 127, 700 Advertising expense $48, 600 Depreciation on plant 63, 300 Property taxes on plant 21, 800 Property taxes on store 7, 630 Delivery expense 23, 500 Labor costs of assembly - line workers 120, 100 Sal commissions 44, 900 Factory supplies used 29,400 Salaries paid to sales clerks 51, 800 Work in process nventory was $13, 400 at January 1 and $17,300 at December 31. Finished goods inventory was $62, 100 at January 1 and $47, 500 at December 31. (a) Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured Senter cost of goods manufactured in dollars eTextbook and MediaAssistance Used eTextbook Video Attempts: 2 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $
127,700 Advertising expense $48, 600 Depreciation on plant 63, 300 Property taxes on plant 21, 800
Property taxes on store 7, 630 Delivery expense 23, 500 Labor costs of assembly - line workers 120, 100 Sales
commissions 44, 900 Factory supplies used 29, 400 Salaries paid to sales clerks 51, 800 Work in process
inventory was $13, 400 at January 1 and $17,300 at December 31. Finished goods inventory was $62, 100
at January 1 and $47, 500 at December 31. (a) Your answer is incorrect. Compute cost of goods
manufactured. Cost of goods manufactured Senter cost of goods manufactured in dollars eTextbook and
MediaAssistance Used eTextbook Video Attempts: 2 of 3 used (b) The parts of this question must be
completed in order. This part will be available when you complete the part above.
Transcribed Image Text:Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $ 127,700 Advertising expense $48, 600 Depreciation on plant 63, 300 Property taxes on plant 21, 800 Property taxes on store 7, 630 Delivery expense 23, 500 Labor costs of assembly - line workers 120, 100 Sales commissions 44, 900 Factory supplies used 29, 400 Salaries paid to sales clerks 51, 800 Work in process inventory was $13, 400 at January 1 and $17,300 at December 31. Finished goods inventory was $62, 100 at January 1 and $47, 500 at December 31. (a) Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured Senter cost of goods manufactured in dollars eTextbook and MediaAssistance Used eTextbook Video Attempts: 2 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
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