Question: using the table how would you calculate the total product cost Sadie's Company has the following information for last year: Raw Material Purchase $ 500,000
Sadie's Company has the following information for last year: Raw Material Purchase $ 500,000 Indirect Factory Labor $56,000 Direct Labor $ 250,000 Administrative Salaries $ 155,000 $ 58,000 Sales Office Salaries Depreciation on Factory Equipment $ 120,000 Depreciation on Factory Building $80,000 $ 90,000 Beginning Balance, Raw Material $ 59,000 Beginning Balance, WIP Depreciation on Office Building $ 185,000 Factory insurance $ 65,000 Beginning Balance, Finished $ 85,000 Goods Property taxes on Factory $60,000 $ 75,000 Ending Balance, Raw Materials Property taxes on Office $ 35,000 Ending Balance, WIP $ 210,000 $50,000 Utilities for Factory $ 60,000 Ending Balance, Finished Goods Utilities for Office $3.500 Advertising Expense 174,000 Sadie completed 230,000 units which were sold at a price of $8. Sadie paid a sales commission of 5% of sales. REQUIRED: Calculate the total product cost
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
