Sandpaper $ 4.000 Materials-handling cost 140.000 Lubricants and collants 10.000 Miscellaneous indirect manufacturing labor 80.000 Direct manufacturing labor 600.000 Direct materials, Jan. 1, 2022 80.000 Direct materials, Dec. 31.2022 100.000 Finished goods, Jan. 1, 2022 200.000 Finished googs, Dec. 31 2022 Work in process, Jan. 1, 2022 Work in process, Dec, 31, 2022 Plant-leasing costs Depreciation plant equipment Property taxes on plant equipment Fire insurance on plant equipment Direct materials purchased Revenues 300.000 20.000 28.000 108.000 72.000 8.000 6.000 920.000 2.720.000 Marketing promotions Marketing salaries 120.000 200.000 Distributions costs 140.000 Customer-service costs 200.000

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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PT. PERMATASARI is a metal and wood cutting company, which sells its products to companies that build housing around Banten. The data available for 2022 is as follows:

- Create Cost of Goods

Could you break it down into steps so I can learn it as well?

Sandpaper
$
4.000
Materials-handling cost
140.000
Lubricants and collants
10.000
Miscellaneous indirect manufacturing labor
80.000
Direct manufacturing labor
600.000
Direct materials, Jan. 1, 2022
80.000
Direct materials, Dec. 31.2022
100.000
Finished goods, Jan. 1, 2022
200.000
Finished googs, Dec. 31 2022
Work in process, Jan. 1, 2022
Work in process, Dec, 31, 2022
Plant-leasing costs
Depreciation plant equipment
Property taxes on plant equipment
Fire insurance on plant equipment
Direct materials purchased
Revenues
300.000
20.000
28.000
108.000
72.000
8.000
6.000
920.000
2.720.000
Marketing promotions
Marketing salaries
120.000
200.000
Distributions costs
140.000
Customer-service costs
200.000
Transcribed Image Text:Sandpaper $ 4.000 Materials-handling cost 140.000 Lubricants and collants 10.000 Miscellaneous indirect manufacturing labor 80.000 Direct manufacturing labor 600.000 Direct materials, Jan. 1, 2022 80.000 Direct materials, Dec. 31.2022 100.000 Finished goods, Jan. 1, 2022 200.000 Finished googs, Dec. 31 2022 Work in process, Jan. 1, 2022 Work in process, Dec, 31, 2022 Plant-leasing costs Depreciation plant equipment Property taxes on plant equipment Fire insurance on plant equipment Direct materials purchased Revenues 300.000 20.000 28.000 108.000 72.000 8.000 6.000 920.000 2.720.000 Marketing promotions Marketing salaries 120.000 200.000 Distributions costs 140.000 Customer-service costs 200.000
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