Tamarisk 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)* Your answer is incorrect.Compute cost of goods manufactured.$115,200Cost of goods manufactured57,6007,200105,60022,400Advertising expenseProperty taxes on factoryDelivery expenseSales commissionsSalaries paid to sales clerksWork in process inventory was $11,600 at January 1 and $14,800 at December 31. Finished goods inventory was $57,600 at January1 and $43,700 at December 31.$43,20031440013,60020,00033,60048,000

Manufacturing overhead= Factory depreciation+Factory supplies used + property taxes on factory.…

Tamarisk 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) * Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured $115,200 $ 57,600 7,200 105,600 22,400 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks Work in process inventory was $11,600 at January 1 and $14,800 at December 31. Finished goods inventory was $57,600 at January 1 and $43,700 at December 31. $43,200 314400 13,600 20,000 33,600 48,000

Tamarisk 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) * Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured $115,200 $ 57,600 7,200 105,600 22,400 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks Work in process inventory was $11,600 at January 1 and $14,800 at December 31. Finished goods inventory was $57,600 at January 1 and $43,700 at December 31. $43,200 314400 13,600 20,000 33,600 48,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Tamarisk 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)
* Your answer is incorrect.
Compute cost of goods manufactured.
$115,200
Cost of goods manufactured
57,600
7,200
105,600
22,400
Advertising expense
Property taxes on factory
Delivery expense
Sales commissions
Salaries paid to sales clerks
Work in process inventory was $11,600 at January 1 and $14,800 at December 31. Finished goods inventory was $57,600 at January
1 and $43,700 at December 31.
$43,200
314400
13,600
20,000
33,600
48,000

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