The following costs were incurred by a manufacturing company Materials used in product Depreciation on plant Property taxes on plant Labour costs of assembly-line workers Factory supplies used Advertising expense Factory insurance Factory supervisor's salary (a) $120,000 6.230 Calculate cost of goods manufactured B40 Work in process inventory was $5.200 at January 1 and $6.600 at December 31. Finished goods inventory was $30,000 at Jamary and $30,500 at December 31 150,700 3,350 4,550 21,900 50.050

The following costs were incurred by a manufacturing company Materials used in product Depreciation on plant Property taxes on plant Labour costs of assembly-line workers Factory supplies used Advertising expense Factory insurance Factory supervisor's salary (a) $120,000 6.230 Calculate cost of goods manufactured B40 Work in process inventory was $5.200 at January 1 and $6.600 at December 31. Finished goods inventory was $30,000 at Jamary and $30,500 at December 31 150,700 3,350 4,550 21,900 50.050

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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