Shamrock Corporation incurred the following costs during 2022. Direct materials used in the product. $108,000 advertising expenses
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Question:
Shamrock Corporation incurred the following costs during 2022.
Direct materials used in the product. | $108,000 | advertising expenses | $40,500 | |||
---|---|---|---|---|---|---|
factory depreciation | 54.000 | Factory property taxes | 12,700 | |||
property taxes in store | 6,750 | Shipping costs | 18,800 | |||
Labor Costs of Assembly Line Workers | 99,000 | Sales commissions | 31,500 | |||
Factory supplies used | 20,900 | Salaries paid to vendors | 45.000 |
Work-in-process inventory was $10,850 as of January 1 and $13,900 as of December 31. Finished goods inventory was $54,000 on January 1 and $41,000 on December 31.
(a) Calculate the cost of manufactured goods.
(b) Calculate the cost of goods sold.
Related Book For
Managerial Accounting Tools For Business Decision Making
ISBN: 9781119709589
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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