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rkspur Corporation incurred the following costs during 2022. Direct materials used in product Depreciation on factory Property taxes on store Labor costs of assembly-line workers Factory supplies used $98,400 49,200 6,150 90,200 18,900 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks $36,900 11,500 17,200 28,700 41,000 Work in process inventory was $9.850 at January 1 and $12.700 at December 31. Finished goods inventory was $49.200 at January

rkspur Corporation incurred the following costs during 2022. Direct materials used in product Depreciation on factory Property taxes on store Labor costs of assembly-line workers Factory supplies used $98,400 49,200 6,150 90,200 18,900 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks $36,900 11,500 17,200 28,700 41,000 Work in process inventory was $9.850 at January 1 and $12.700 at December 31. Finished goods inventory was $49.200 at January

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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Larkspur Corporation incurred the following costs during 2022. Direct materials used in product Depreciation on factory Property taxes on store Labor costs of assembly-line workers Factory supplies used $98,400 49,200 6,150 90,200 18,900 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks $36,900 11,500 17,200 28,700 41,000 Work in process inventory was $9,850 at January 1 and $12,700 at December 31. Finished goods inventory was $49,200 at January 1 and $37,400 at December 31.
Transcribed Image Text:Larkspur Corporation incurred the following costs during 2022. Direct materials used in product Depreciation on factory Property taxes on store Labor costs of assembly-line workers Factory supplies used $98,400 49,200 6,150 90,200 18,900 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks $36,900 11,500 17,200 28,700 41,000 Work in process inventory was $9,850 at January 1 and $12,700 at December 31. Finished goods inventory was $49,200 at January 1 and $37,400 at December 31.
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