At December 31, 2019, the end of its fiscal year, Acme Manufacturing Co. collected the following...

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At December 31, 2019, the end of its fiscal year, Acme Manufacturing Co. collected the following data for 2019: Materials inventory, January 1 Materials inventory, December 31. Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Net delivered cost of materials purchased Direct labor $ 5,000 10,000 25,000 20,000 15,000 30,000 50,000 30,000 3,000 5,000 10,000 6,000 12,000 18,000 Indirect materials Indirect labor Factory depreciation Factory repairs and maintenance Selling expenses (total) Non-factory administrative expenses (total) There were no manufacturing overhead items other than those listed above. Calculate the total manufacturing costs for the year. (Hint: this is the total cost that gets added to the work-in-process account during the year.) Question 6 (2 points) E Listen Using the information in question 5, calculate the total costs of goods manufactured during the year. (Hint: this is the total cost that gets added to the finished goods account during the year.) A/ Question 7 (2 points) Listen Using the information in question 5, calculate the cost of goods sold for the year. >> At December 31, 2019, the end of its fiscal year, Acme Manufacturing Co. collected the following data for 2019: Materials inventory, January 1 Materials inventory, December 31. Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Net delivered cost of materials purchased Direct labor $ 5,000 10,000 25,000 20,000 15,000 30,000 50,000 30,000 3,000 5,000 10,000 6,000 12,000 18,000 Indirect materials Indirect labor Factory depreciation Factory repairs and maintenance Selling expenses (total) Non-factory administrative expenses (total) There were no manufacturing overhead items other than those listed above. Calculate the total manufacturing costs for the year. (Hint: this is the total cost that gets added to the work-in-process account during the year.) Question 6 (2 points) E Listen Using the information in question 5, calculate the total costs of goods manufactured during the year. (Hint: this is the total cost that gets added to the finished goods account during the year.) A/ Question 7 (2 points) Listen Using the information in question 5, calculate the cost of goods sold for the year. >>

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To calculate the total manufacturing costs for the year we need to add up the costs of all the materials labor and overhead used in production We can ... View the full answer