1 out of 7 points

Mon Inc. a manufacturer of jewellery reported the following last month
Assembly line, jewellery manufacturing salaries	19,500
Finished goods inventory, beginning	18,500
Finished goods inventory, ending	21,050
General & administrative expenses	20,050
Indirect materials requisitioned to factory	17,150
Production Supervisor, Salary	18,000
Purchases of raw materials	28,600
Raw materials inventory, ending	19,950
Raw materials inventory, beginning	17,150
Rent on production factory	17,000
Rent, retail store	20,000
Sales	220,000
Utilities on manufacturing factory	17,000
Utilities, retail store	16,850
Wages, retail staff	18,500
WIP inventory, beginning	19,500
WIP inventory, ending	22,500

Assume the Manufacturing Overhead is perfectly applied. Answer the following questions. NO COMMAs, NO $

What is the cost of raw materials used in production? [1]

What is Direct Labour? [2]

What is Manufacturing Overhead? [3]

What is the Total Manufacturing Costs? [4]

What is the Cost of Goods Manufactured? [5]

What is the Cost of Goods Sold? [6]

What is Net Income? [7]