Question: Home Cabinets manufactures and sells custom ordered kitchen and bathroom cabinets

Home Cabinets manufactures and sells custom-ordered kitchen and bathroom cabinets. The company sells primarily to building contractors but occasionally deals directly with homeowners. Following is a summary of inventory and cost information for the year:

During the year, raw material purchases totaled $350,000. Home Cabinets incurred $200,000 in labor costs in the factory and $175,000 in manufacturing overhead for the year.

A. Calculate the amount of direct materials transferred to work in process during the year.
B. Calculate total manufacturing costs for the year.
C. Calculate total cost of goods manufactured for the year.
D. Calculate cost of goods sold for theyear.
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  • CreatedMarch 11, 2015
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