Sunland Corporation incurred the following costs while manufacturing its product. Materials used in product $ 124,900 Advertising expense $ 50,200 Depreciation on plant 66,100 Property taxes on plant 16,000 Property taxes on store 8,290 Delivery expense 25,600 Labor costs of assembly-line workers 120,700 Sales commissions 44,100 Factory supplies used 32,700 Salaries paid to sales clerks 55,100 Work in process inventory was $ 13,000 at January 1 and $ 17,600 at December 31. Finished goods inventory was $ 69,500 at January 1 and$ 48,900 at December 31. Compute cost of goods manufactured. Cost of goods manufactured 2$ Compute cost of goods sold. Cost of goods sold 2$

Sunland Corporation incurred the following costs while manufacturing its product. Materials used in product $ 124,900 Advertising expense $ 50,200 Depreciation on plant 66,100 Property taxes on plant 16,000 Property taxes on store 8,290 Delivery expense 25,600 Labor costs of assembly-line workers 120,700 Sales commissions 44,100 Factory supplies used 32,700 Salaries paid to sales clerks 55,100 Work in process inventory was $ 13,000 at January 1 and $ 17,600 at December 31. Finished goods inventory was $ 69,500 at January 1 and$ 48,900 at December 31. Compute cost of goods manufactured. Cost of goods manufactured 2$ Compute cost of goods sold. Cost of goods sold 2$

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 15E: Kenkel, Ltd. uses backflush costing to account for its manufacturing costs. The trigger points are...

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Question

I need help answering for cost of goods manufactured and the cost of goods sold

Sunland Corporation incurred the following costs while manufacturing its product.
Materials used in product
$ 124,900
Advertising expense
$ 50,200
Depreciation on plant
66,100
Property taxes on plant
16,000
Property taxes on store
8,290
Delivery expense
25,600
Labor costs of assembly-line workers
120,700
Sales commissions
44,100
Factory supplies used
32,700
Salaries paid to sales clerks
55,100
Work in process inventory was $ 13,000 at January 1 and $ 17,600 at December 31. Finished goods inventory was $ 69,500 at
January 1 and $ 48,900 at December 31.
Compute cost of goods manufactured.
Cost of goods manufactured
Compute cost of goods sold.
Cost of goods sold
$

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