Question: please help and show work Module 1: Chapter 2: Cost Flow (To be posted as a group assignment in your group discussion area) The following

 please help and show work Module 1: Chapter 2: Cost Flow
please help and show work

Module 1: Chapter 2: Cost Flow (To be posted as a group assignment in your group discussion area) The following information for Transcontinental Inc. is provided. Use this information to answer the succeeding eight questions: Materials Inventory (Jan. 1) $41,500 Work-in-process Inventory (Jan. 1) 18,900 Finished Goods Inventory (Jan. 1) 26,400 Cost of materials purchased 145,700 Total direct labor costs 112,300 Depreciation - factory machinery 37,800 Small tools expense 9,100 Office supplies 23,000 Machine helpers wages 38,200 Miscellaneous factory expenses 15,600 Presidents salary 315.000 Power - factory 17,800 Factory insurance expense 10.600 Factory supervisors salary 89,300 Sales and advertisement 74,000 Power-office 7,200 Depreciation -office equipment 4,750 Materials inventory (Dec. 31) 18,200 Work-in-process inventory (Dec. 31) 42.200 Finished Goods Inventory (Dec. 31) 25.900 The sales for Transcontinental Inc, during this year were $1,645,000 and a total of 3,900 units were completed during the year. Compute the following for the year: 1. Cost of materials used? 2. Factory overhead? 3. Total manufacturing cost? Cost of goods manufactured? Cost of goods sold? Gross margin? 6. 7. Net Income (Loss)? 8. Unit Cost

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