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1) Kendall Manufacturing Company's beginning and ending work-in-process inventories were 20,000 and 18,000. Direct materials costs used were 70,000. Direct labor costs were 100,000. Manufacturing

1) Kendall Manufacturing Company's beginning and ending work-in-process inventories were 20,000 and 18,000.

Direct materials costs used were 70,000.

Direct labor costs were 100,000.

Manufacturing overhead incurred was 150,000.

QUESTION 01 : What is the cost of goods manufactured?

2)The beginning finished goods inventory was 60,000 and its ending finished goods inventory was 55,000.

QUESTION 02 : How much is the cost of goods sold?

3)Kendall Manufacturing Company sales were 627,000 for the period.

QUESTION 03 : How much is the gross margin?

4)Kendall Manufacturing Company had the following operating expenses :

Sales salaries and commissions 80,000

Delivery expenses 10,000 Administrative expenses 30,000

Total 120,000

QUESTION 04 : How much is Kendall's operating income?

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