P Materials used in p Depreciation on pla Property taxes on Labour costs of ass Factory supplies us Work in process inve 1 and $51,300 at De Calculate the cost
P Materials used in p Depreciation on pla Property taxes on Labour costs of ass Factory supplies us Work in process inve 1 and $51,300 at De Calculate the cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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
Calculate the cost of goods manufactured.
Cost of goods manufactured
$120,100
$
65,000
8,430
110,000
25,500
Advertising expense
Property taxes on plant
Delivery expense
Sales commissions
Salaries paid to sales clerks
$45,250
19,300
21,700
Work in process inventory was $10,600 at January 1 and $14,600 at December 31. Finished goods inventory was $60,600 at January
1 and $51,300 at December 31.
35,300
50,100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F09e5f4b4-6f02-4e98-b149-af2568243632%2F16bc0bcf-fb0b-40e2-9664-31bbebb4b394%2Ffnensov_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
Calculate the cost of goods manufactured.
Cost of goods manufactured
$120,100
$
65,000
8,430
110,000
25,500
Advertising expense
Property taxes on plant
Delivery expense
Sales commissions
Salaries paid to sales clerks
$45,250
19,300
21,700
Work in process inventory was $10,600 at January 1 and $14,600 at December 31. Finished goods inventory was $60,600 at January
1 and $51,300 at December 31.
35,300
50,100
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