Tamarisk Corporation incurred the following costs during 2022. Direct materials used in product $115,200 Advertising expense $43,200 Depreciation on factory 57,600 Property taxes on factory 13,600 Property taxes on store 7,200 Delivery expense 20,000 Labor costs of assembly-line workers 105,600 Sales commissions 33,600 Factory supplies used 22,400 Salaries paid to sales clerks 48,000 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Compute cost of goods manufactured.
Cost of goods manufactured
eTextbook and Media
Compute cost of goods sold.
Cost of goods sold
$
Transcribed Image Text:Compute cost of goods manufactured. Cost of goods manufactured eTextbook and Media Compute cost of goods sold. Cost of goods sold $
Tamarisk Corporation incurred the following costs during 2022.
Direct materials used in product
$115,200
Advertising expense
$43,200
Depreciation on factory
57,600
Property taxes on factory
13,600
Property taxes on store
7,200
Delivery expense
20,000
Labor costs of assembly-line workers
105,600
Sales commissions
33,600
Factory supplies used
22,400
Salaries paid to sales clerks
48,000
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.
Transcribed Image Text:Tamarisk Corporation incurred the following costs during 2022. Direct materials used in product $115,200 Advertising expense $43,200 Depreciation on factory 57,600 Property taxes on factory 13,600 Property taxes on store 7,200 Delivery expense 20,000 Labor costs of assembly-line workers 105,600 Sales commissions 33,600 Factory supplies used 22,400 Salaries paid to sales clerks 48,000 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.
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