Reference no: EM132797235
Question - Deadwood Company is a metal- and wood-cutting manufacturer, selling products to the home construction market. Consider the following date for 2007:
Sandpaper 2,000
Materials-handling costs 70,000
Lubricants and coolants 5,000
Miscellaneous indirect manufacturing labor 50,000
Direct manufacturing labor 400,000
Direct materials inventory, Jan. 1, 2007 40,000
Direct materials inventory, Dec. 31, 2007 50,000
Finished goods inventory, Jan. 1, 2007 120,000
Finished goods inventory, Dec. 31, 2007 180,000
Work in process inventory, Jan 1, 2007 50,000
Work in process inventory, Dec. 31, 2007 90,000
Plant-leasing cost 54,000
Depreciation -- plant equipment 37,000
Property taxes on plant equipment 4,000
Fire insurance on plant and equipment 3,500
Direct materials purchased 460,000
Revenues 1,520,000
Marketing promotions 60,000
Marketing salaries 100,000
Distribution costs 70,000 Customer-service costs 100,000
Required -
How much is the manufacturing cost/ product cost?
How much is the company's cost of goods manufactured?
How much is the company's cost of goods placed in process?
How much is the company's cost of goods available for sale?
How much is the company's cost of goods sold?
How much is Deadwood's operating income for 2007?
Suppose that the direct material cost is for the production of 600,000 units.
What is the direct material cost of each unit produced?
Suppose that the plant-leasing cost is for the production of 600,000 units, what is the plant-leasing cost of each unit produced?