Windsor Corporation incurred the following costs during 2022. Direct materials used in product $120,000 Advertising expense $45,000 Depreciation on factory 60,000 Property taxes on factory 14,200 Property taxes on store 7,500 Delivery expense 20,800 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 23,400 Salaries paid to sales clerks 50,000 Work in process inventory was $12,100 at January 1 and $15,400 at December 31. Finished goods inventory was $60,000 at January 1 and $45,500 at December 31. * Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured $ 323300 eTextbook and Media * Your answer is incorrect. Compute cost of goods sold. Cost of goods sold $ 33790

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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answer must be correct in table format or i will give down vote 

 

Windsor Corporation incurred the following costs during 2022.
Direct materials used in product
$120,000
Advertising expense
$45,000
Depreciation on factory
60,000
Property taxes on factory
14,200
Property taxes on store
7,500
Delivery expense
20,800
Labor costs of assembly-line workers
110,000
Sales commissions
35,000
Factory supplies used
23,400
Salaries paid to sales clerks
50,000
Work in process inventory was $12,100 at January 1 and $15,400 at December 31. Finished goods inventory was $60,000 at January
1 and $45,500 at December 31.
* Your answer is incorrect.
Compute cost of goods manufactured.
Cost of goods manufactured
$
323300
eTextbook and Media
* Your answer is incorrect.
Compute cost of goods sold.
Cost of goods sold
$
33790
Transcribed Image Text:Windsor Corporation incurred the following costs during 2022. Direct materials used in product $120,000 Advertising expense $45,000 Depreciation on factory 60,000 Property taxes on factory 14,200 Property taxes on store 7,500 Delivery expense 20,800 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 23,400 Salaries paid to sales clerks 50,000 Work in process inventory was $12,100 at January 1 and $15,400 at December 31. Finished goods inventory was $60,000 at January 1 and $45,500 at December 31. * Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured $ 323300 eTextbook and Media * Your answer is incorrect. Compute cost of goods sold. Cost of goods sold $ 33790
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