Steger Designs makes winter boots and moccasins at its factory in northern Minnesota. Assume the following...

 

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Steger Designs makes winter boots and moccasins at its factory in northern Minnesota. Assume the following represents data related to Steger operations last year: Raw materials used Total manufacturing costs charged to production during the year (includes raw materials, direct labor, and manufacturing overhead applied at a rate of 200% of direct labor costs).. Cost of goods available for sale... Selling and general expenses $400,000 850,000 958,000 280,000 Raw materials.. Work-in-process Finished goods.. Required Determine each of the following: a. Cost of raw materials purchased c. Cost of goods manufactured d. Cost of goods sold b. Direct labor costs charged to production Inventories Beginning Ending $110,000 $105,000 75,000 92,000 125,000 135,000 Steger Designs makes winter boots and moccasins at its factory in northern Minnesota. Assume the following represents data related to Steger operations last year: Raw materials used Total manufacturing costs charged to production during the year (includes raw materials, direct labor, and manufacturing overhead applied at a rate of 200% of direct labor costs).. Cost of goods available for sale... Selling and general expenses $400,000 850,000 958,000 280,000 Raw materials.. Work-in-process Finished goods.. Required Determine each of the following: a. Cost of raw materials purchased c. Cost of goods manufactured d. Cost of goods sold b. Direct labor costs charged to production Inventories Beginning Ending $110,000 $105,000 75,000 92,000 125,000 135,000

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