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The Moundsview Company provided you with the following information for the fiscal year ending on December 31:
Work-in-process inventory, 12/31
$115,800
Finished goods inventory, 1/1
614,800
Direct labor costs incurred
2,008,600
Manufacturing overhead costs
5,368,800
Direct materials inventory, 1/1
501,600
Finished goods inventory, 12/31
1,022,000
Direct materials purchased
3,500,400
Work-in-process inventory, 1/1
202,000
Direct materials inventory, 12/31
338,800
(a) Compute the total manufacturing costs incurred during the year.
(b) Compute the total work-in-process during the year.
(c) Compute the cost of goods manufactured during the year.
(d) Compute the cost of goods sold during the year.
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