Raw materials inventory Work in process inventory Finished goods inventory... Purchases of direct materials Direct labor.. Indirect labor. Beginning of Year End of Year 23,000 $25,000 35,000 $ 31,000 22,000 74,000 86,000 42,000 $ $ $ 20,000 $ $ $ $ Insurance on plant Depreciation-plant building and equipment Repairs and maintenance-plant Marketing expenses General and administrative expenses End of Year $ 11,500 $ 13,400 $ 3,700 $ 77,000 $ 28,500
Raw materials inventory Work in process inventory Finished goods inventory... Purchases of direct materials Direct labor.. Indirect labor. Beginning of Year End of Year 23,000 $25,000 35,000 $ 31,000 22,000 74,000 86,000 42,000 $ $ $ 20,000 $ $ $ $ Insurance on plant Depreciation-plant building and equipment Repairs and maintenance-plant Marketing expenses General and administrative expenses End of Year $ 11,500 $ 13,400 $ 3,700 $ 77,000 $ 28,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Raw materials inventory
Work in process inventory
Finished goods inventory.
Purchases of direct materials
Direct labor..
Indirect labor.
Beginning
of Year
End of
Year
$
23,000 $25,000
$
35,000 $31,000
$ 20,000 $ 22,000
$
74,000
$
86,000
$
42,000
Insurance on plant
Depreciation-plant building and equipment
Repairs and maintenance-plant
Marketing expenses
General and administrative expenses
End of
Year
$ 11,500
$ 13,400
$
3,700
$ 77,000
$ 28,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3fc3ef53-ef76-4c8f-9c49-6c2ebf0a14b7%2Fc08a3aa4-ae45-4931-9850-1f2bdd4b438a%2Fmo94g19_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Raw materials inventory
Work in process inventory
Finished goods inventory.
Purchases of direct materials
Direct labor..
Indirect labor.
Beginning
of Year
End of
Year
$
23,000 $25,000
$
35,000 $31,000
$ 20,000 $ 22,000
$
74,000
$
86,000
$
42,000
Insurance on plant
Depreciation-plant building and equipment
Repairs and maintenance-plant
Marketing expenses
General and administrative expenses
End of
Year
$ 11,500
$ 13,400
$
3,700
$ 77,000
$ 28,500
![West Nautical Company
Calculation of Cost of Goods Manufactured
For Current Year
Beginning work in process inventory
Plus: Manufacturing costs incurred
Direct materials used
Direct labor
Manufacturing overhead
Less:
Cost of goods manufactured
35,000
86,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3fc3ef53-ef76-4c8f-9c49-6c2ebf0a14b7%2Fc08a3aa4-ae45-4931-9850-1f2bdd4b438a%2Fylbhyck_processed.jpeg&w=3840&q=75)
Transcribed Image Text:West Nautical Company
Calculation of Cost of Goods Manufactured
For Current Year
Beginning work in process inventory
Plus: Manufacturing costs incurred
Direct materials used
Direct labor
Manufacturing overhead
Less:
Cost of goods manufactured
35,000
86,000
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