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Portland Manufacturing had the following data for the period ju Work in process, Jan. 1 Work in process, Dec. 31 Finished goods, Jan. 1 Finished goods, Dec. 31 Direct materials used Direct labor Factory depreciation Sales Advertising expense $ 22,000 45,000 75,000 63,500 124,000 270, eee 85,000 920,000 54.000

Portland Manufacturing had the following data for the period ju Work in process, Jan. 1 Work in process, Dec. 31 Finished goods, Jan. 1 Finished goods, Dec. 31 Direct materials used Direct labor Factory depreciation Sales Advertising expense $ 22,000 45,000 75,000 63,500 124,000 270, eee 85,000 920,000 54.000

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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Please answer required a,b

Portland Manufacturing had the following data for the period just en $ 22, 000 45,000 75,000 63,500 124, 000 270, e00 85,000 920, e00 54, еее 27,000 19,e00 34,000 Work in process, Jan. 1 Work in process, Dec. 31 Finished goods, Jan. 1 Finished goods, Dec. 31 Direct materials used Direct labor Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor Required: A. Calculate Portland's cost of goods manufactured. B. Calculate Portland's cost of goods sold. A. Cost of goods Manufactured B. Cost of goods sold
Transcribed Image Text:Portland Manufacturing had the following data for the period just en $ 22, 000 45,000 75,000 63,500 124, 000 270, e00 85,000 920, e00 54, еее 27,000 19,e00 34,000 Work in process, Jan. 1 Work in process, Dec. 31 Finished goods, Jan. 1 Finished goods, Dec. 31 Direct materials used Direct labor Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor Required: A. Calculate Portland's cost of goods manufactured. B. Calculate Portland's cost of goods sold. A. Cost of goods Manufactured B. Cost of goods sold
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