Question: How much is the Direct material used? What is total overhead? What is the Total Manufacturing cost What is the Cost of Goods Manufactured (COGM)?

How much is the Direct material used?

What is total overhead?

What is the Total Manufacturing cost

What is the Cost of Goods Manufactured (COGM)?

What is the equation for COGS?

Administrative Salaries 35,000 25,000 Depreciation of Factory Equipment Depreciation of delivery vehicles Direct Labor Factory Supplies used Finished goods inventory, January 1 Finished goods inventory, Dec 31 Factory insurance 6,000 68,000 9,000 57,000 ? 15,500 Interest expense 12,000 14,000 7,500 Factory Utilities Factory maintenance Materials inventory, Jan 1 Materials inventory, Dec 31 Raw Materials Purchase 5,000 Rent on factory building Repairs of factory equipment Sales Commission Work in Process, Jan 1 Work in Process, Dec 31 4,000 125,000 25,000 11,500 37,500 3,500 2,700

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