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

Problem 1Q

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ABC Ltd. incurred the following costs while manufacturing its product. Property taxes on store 7500 Advertising expense 45000 Delivery expense 21000 Sales commissions 35000 Salaries paid to sales clerks 50000 Sales revenue 445000 Sales Discount 15000 COGS 337900 Work in process inventory was 12000 at January 1 and 15500 at December 31. Finished goods inventory was 60000 at January 1 and 45600 at December 31. Compute gross profit.Single line text.