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Skysong 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 $136,800 68,400 8,550 Advertising expense Property taxes on factory Delivery expense Sales commissions 26,900 Salaries paid to sales clerks 125,400 $51,300 16,300 23,600 39,900 57,000 Work in process inventory was $13,850 at January 1 and $17,500 at December 31. Finished goods inventory was $68,400 at January 1 and $51,800 at December 31.

Skysong 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 $136,800 68,400 8,550 Advertising expense Property taxes on factory Delivery expense Sales commissions 26,900 Salaries paid to sales clerks 125,400 $51,300 16,300 23,600 39,900 57,000 Work in process inventory was $13,850 at January 1 and $17,500 at December 31. Finished goods inventory was $68,400 at January 1 and $51,800 at December 31.

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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Skysong 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 (a) Compute cost of goods manufactured. $136,800 68,400 8,550 125,400 Cost of goods manufactured 26,900 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks $51,300 16,300 Work in process inventory was $13,850 at January 1 and $17,500 at December 31. Finished goods inventory was $68,400 at January 1 and $51,800 at December 31. 23,600 39,900 57,000
Transcribed Image Text:Skysong 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 (a) Compute cost of goods manufactured. $136,800 68,400 8,550 125,400 Cost of goods manufactured 26,900 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks $51,300 16,300 Work in process inventory was $13,850 at January 1 and $17,500 at December 31. Finished goods inventory was $68,400 at January 1 and $51,800 at December 31. 23,600 39,900 57,000
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