Please do not give solution in image format thanku Skysong Corporation incurred the following costs during 2022.Direct materials used in productDepreciation on factoryProperty taxes on storeLabor costs of assembly-line workersFactory supplies used(a)Compute cost of goods manufactured.$136,80068,4008,550125,400Cost of goods manufactured26,900Advertising expenseProperty taxes on factoryDelivery expenseSales commissionsSalaries paid to sales clerks$51,30016,300Work in process inventory was $13,850 at January 1 and $17,500 at December 31. Finished goods inventory was $68,400 at January1 and $51,800 at December 31.23,60039,90057,000

The Cost of Goods Manufactured (COGM) shows a manufacturing company's entire production expenses for…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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