Lutka Company had the following activities during 2022: 

Direct Materials: 

Cost of Beg inventory $20,000

 Purchases 130,000 

Ending Inventory 41,000 

Direct Manufacturing labor 52,500

 Manufacturing overhead 44,000

 Beginning work-in-process inventory 2,700 

Ending work-in-process inventory 3,100 

Beginning finished goods inventory 19,000

 Ending finished goods inventory 26,200.

 Required:

 a) What is the cost of direct materials used in 2022?

 b) What is cost of goods manufactured for 2022? 

 c) What is the cost of goods sold for 2022?

Answer rating: 100% (QA)

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