Sunland Company incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used (a) Your answer is incorrect. Compute cost of goods manufactured. $127,100 Cost of goods manufactured $ 64,800 8,310 116,500 Advertising expense Property taxes on plant Delivery expense Sales commissions 27,300 Salaries paid to sales clerks $49,900 19,700 Work in process inventory was $13,200 at January 1 and $16,600 at December 31. Finished goods inventory was $70,200 at January 1 and $47,000 at December 31. 31,600 45,800 60,700
Sunland Company incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used (a) Your answer is incorrect. Compute cost of goods manufactured. $127,100 Cost of goods manufactured $ 64,800 8,310 116,500 Advertising expense Property taxes on plant Delivery expense Sales commissions 27,300 Salaries paid to sales clerks $49,900 19,700 Work in process inventory was $13,200 at January 1 and $16,600 at December 31. Finished goods inventory was $70,200 at January 1 and $47,000 at December 31. 31,600 45,800 60,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Sunland Company incurred the following costs while manufacturing its product.
Materials used in product
Depreciation on plant
Property taxes on store
Labor costs of assembly-line workers
Factory supplies used
(a)
Your answer is incorrect.
Compute cost of goods manufactured.
$127,100
Cost of goods manufactured $
64,800
8,310
116,500
27,300
Advertising expense
Property taxes on plant
Delivery expense
Sales commissions
Salaries paid to sales clerks
$49,900
Work in process inventory was $13,200 at January 1 and $16,600 at December 31. Finished goods inventory was $70,200 at January
1 and $47,000 at December 31.
19,700
31,600
45,800
60,700
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