K Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Gold Company...

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K Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Gold Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used. Strike Gold Company Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used St &US 6 PI Le D (Click the icon to view the data) Data table Raw materials inventory Work in process inventory. Finished goods inventory. Purchases of direct materials Direct labor. Indirect labor.. Beginning of Year $ $ $ End of Year 22,000 $30,000 40,000 $ 34,000 18,000 $ 27,000 79,000 Marketing expenses $ $ $ 88,000 46,000 Insurance on plant Depreciation-plant building and equipment Repairs and maintenance-plant Print General and administrative expenses Done End of Year I $ 9,500 $ 12,500 $3,500 $ 78,000 $ 29,500 X K Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Gold Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used. Strike Gold Company Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used St &US 6 PI Le D (Click the icon to view the data) Data table Raw materials inventory Work in process inventory. Finished goods inventory. Purchases of direct materials Direct labor. Indirect labor.. Beginning of Year $ $ $ End of Year 22,000 $30,000 40,000 $ 34,000 18,000 $ 27,000 79,000 Marketing expenses $ $ $ 88,000 46,000 Insurance on plant Depreciation-plant building and equipment Repairs and maintenance-plant Print General and administrative expenses Done End of Year I $ 9,500 $ 12,500 $3,500 $ 78,000 $ 29,500 X

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Answer Strike Gold Company Calculation of Direct Materials Used For Current Year Raw Materials Inven... View the full answer