The following are account balances relating to 2016 (in thousands): Property tax on plant building......................................$ 3,800 Marketing,
Question:
The following are account balances relating to 2016 (in thousands):
Property tax on plant building......................................$ 3,800
Marketing, distribution, and customer-service costs.............44,400
Finished goods inventory, January 1, 2016........................32,400
Plant utilities...........................................................20,400
Work-in-process inventory, December 31, 2016.................31,200
Depreciation of plant building.......................................10,800
General and administrative costs (non plant).....................51,600
Direct materials used................................................104,400
Finished goods inventory, December 31, 2016...................40,800
Depreciation of plant equipment....................................13,200
Plant repairs and maintenance.......................................19,200
Work-in-process inventory, January 1, 2016.....................24,000
Direct manufacturing labour........................................40,800
Indirect manufacturing labour......................................27,600
Indirect materials used..............................................13,200
Miscellaneous plant overhead.......................................5,800
Required
Compute cost of goods manufactured and cost of goods sold.
Step by Step Answer:
Cost Accounting A Managerial Emphasis
ISBN: 978-0133138443
7th Canadian Edition
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham