A Manufacturing company reported the following information: Sales $450,000 Direct materials, January 1, 2015 24,000 Direct materials
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Question:
A Manufacturing company reported the following information:
Sales | $450,000 |
Direct materials, January 1, 2015 | 24,000 |
Direct materials during the year | 151,000 |
Direct materials, December 31, 2015 | 18,000 |
Production labor cost | 27,000 |
Indirect production costs | 50,000 |
Finished goods, January 1, 2015 | 43,000 |
Cost of goods manufactured | 234,000 |
Finished goods, December 31, 2015 | 48,000 |
Operating costs | 152,000 |
How much of the above would be considered period costs ?
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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