Question: SITE ASSIGNMENT - 1 SUBMIT THE IN THE E-LEARNING SITI ONLY 5% IN THE FINAL GRADE DUE ON 29th September 2021 The following information is
SITE ASSIGNMENT - 1 SUBMIT THE IN THE E-LEARNING SITI ONLY 5% IN THE FINAL GRADE DUE ON 29th September 2021 The following information is from Marchant Manufacturing Co. for September: Direct materials used in production $95.000 Direct labour S67,000 Total manufacturing cost $234,000 Raw materials inventory, Sept. 1 S24.000 Work-in-process inventory, Sept. I S6.000 Finished goods inventory, Sept. 1 $100,000 Purchases of raw materials S102,000 Cost of goods manufactured $233,000 Administrative expense S41,000 Selling expense $56,000 Sales 5344,000 Gross margin $127.000 Net income $30,000 Required: (a.) Compute the cost of goods sold. (b.) Compute the balance in finished goods inventory at September 30. (c.) Compute the balance in work-in-process inventory at September 30. (d.) Compute the balance in raw materials inventory at September 30. (e.) Compute the total manufacturing overhead
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