Solution-Compute cost of goods manufactured

Compute cost of goods manufactured

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Reference no: EM131810437

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In managerial accounting, how do I compute cost of goods manufactured?

Materials used in product	$130,000	Advertising expense	$47,190
Depreciation on plant	70,550	Property taxes on plant	17,040
Property taxes on store	7,840	Delivery expense	25,760
Labor costs of assembly-line workers	114,410	Sales commissions	44,670
Factory supplies used	27,070	Salaries paid to sales clerks	51,750

Work in process inventory was $14,600 at January 1 and $17,270 at December 31. Finished goods inventory was $65,300 at January 1 and $47,580 at December 31.

Reference no: EM131810437

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Compute cost of goods manufactured

Reference no: EM131810437

Reference no: EM131810437

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