Pina Colada Corp. incurred the following costs while manufacturing its product. Materials used in product $53,400 $126,100 Advertising expense 70,700 Property taxes on plant Depreciation on plant 16,500 Property taxes on store 8,060 Delivery expense 22.000 Labor costs of assembly-line workers 111,900 Sales commissions 44,200 Factory supplies used 24.000 Salaries paid to sales clerks 51,100 Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at December 31. Part 1 Your answer is incorrect. Compute cost of goods manufactured.

Pina Colada Corp. incurred the following costs while manufacturing its product. Materials used in product $53,400 $126,100 Advertising expense 70,700 Property taxes on plant Depreciation on plant 16,500 Property taxes on store 8,060 Delivery expense 22.000 Labor costs of assembly-line workers 111,900 Sales commissions 44,200 Factory supplies used 24.000 Salaries paid to sales clerks 51,100 Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at December 31. Part 1 Your answer is incorrect. Compute cost of goods manufactured.

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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