1. Classify the following Costs for Vaughan Company. Their one product is Pet Rocks President's Salary...

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1. Classify the following Costs for Vaughan Company. Their one product is Pet Rocks President's Salary Factory Foreman's Salary Rocks used in our Pet Rocks Assembly Line wage Depreciation on factory equipment Factory electricity Factory janitor's salary Salesman's commissions Property Tax on Factory Property Tax on Sales Office Advertising Costs Small amounts of glue for pet rocks DM Product Costs DL Prime Conversion Period FOH Cast Cost Costs 2. Vaughan Company has the following information available Raw Materials, January 1 balance $ 12,000 Sales Salaries (entire year) 15,000 Factory Utilities (entire year) 12,000 WIP, January 1, balance 21,000 Factory Supervisory Salaries (entire year) 35,000 Direct Labor (entire Year) 48,000 Raw Materials, December 31 balance Factory Depreciation (entire year) Purchase of Raw Materials (entire year) WIP, December 31, balance Factory Indirect Labor (entire year) Finished Goods, December 31 balance $ 38,000 13,000 20,000 25,000 13,000 22,000 Finished Goods, January 1 balance (a) What is the amount of RM used during the year? Sales 16,000 225,000 (b) What are the total manufacturing costs for the year? (c) What is the Cost of Goods Manufactured during the year? (d) What is the Cost of Goods Sold this year? (e) What is Gross Profit for this year? 1. Classify the following Costs for Vaughan Company. Their one product is Pet Rocks President's Salary Factory Foreman's Salary Rocks used in our Pet Rocks Assembly Line wage Depreciation on factory equipment Factory electricity Factory janitor's salary Salesman's commissions Property Tax on Factory Property Tax on Sales Office Advertising Costs Small amounts of glue for pet rocks DM Product Costs DL Prime Conversion Period FOH Cast Cost Costs 2. Vaughan Company has the following information available Raw Materials, January 1 balance $ 12,000 Sales Salaries (entire year) 15,000 Factory Utilities (entire year) 12,000 WIP, January 1, balance 21,000 Factory Supervisory Salaries (entire year) 35,000 Direct Labor (entire Year) 48,000 Raw Materials, December 31 balance Factory Depreciation (entire year) Purchase of Raw Materials (entire year) WIP, December 31, balance Factory Indirect Labor (entire year) Finished Goods, December 31 balance $ 38,000 13,000 20,000 25,000 13,000 22,000 Finished Goods, January 1 balance (a) What is the amount of RM used during the year? Sales 16,000 225,000 (b) What are the total manufacturing costs for the year? (c) What is the Cost of Goods Manufactured during the year? (d) What is the Cost of Goods Sold this year? (e) What is Gross Profit for this year?