Selected data concerning operations of Ridgeview Manufacturing Company for the past fiscal year ome Wony follow:

Required
Determine each of the following:

a. Cost of raw materials purchased

b. Direct labor costs charged to production

c. Cost of goods manufactured

d. Cost of goods sold

Transcribed Image Text:

Raw materials used... $300,000 Total manufacturing costs charged to production during the year (includes raw materials, direct labor, and manufacturing overhead applied at a rate of 60 percent of direct labor costs). Cost of goods available for sale... 681,000 826,000 Selling and general expenses.. 30,000 Raw materials.... Work-in-process. Finished goods... Inventories Beginning Ending $70,000 85,000 90,000 $ 80,000 30,000 110,000