The following information is available for Granite Inc. Instructions: Compute the missing amounts. Products in Sample Inventory

The following information is available for Granite Inc.

Instructions: Compute the missing amounts.

Transcribed Image Text:

Products in Sample Inventory 2013 2011 Raw materials: $ 96 Purchases 372 410 $ 463 2 $369 307 2 $1,059 74 Ending inventory. 136 379 iex Bir.._.... -...-.- 318 398 401 Total manufacturing costs. $1,093 78 $1,155 Work in process, December 31 Cost of goods manufactured. Finished goods, January 1 78 $1,052 90 83 Finished goods, December 31 2 $1,06