- 12 TH Current Attempt in Progress Concord Corporation incurred the following costs while manufacturing its product $122,200 $49,900 69,200 17600 Materials used in product Depreciation on plant Property taxes on stor Labor costs of assembly line workers Factory supoles used B.590 Advertising pense Property taxes on plant Delivery expense Sales commissions Sataries paid to sales clerks 28,300 113.100 44.400 34.000 51300 Work in process inventory was $13,300 at January 1 and 517,200 at December 31, Finished goods inventory was $68,000 at January 1 and $47.900 at December 31. (a) Compute cost of goods manufactured Cout of goods manufactured $ Current Attempt in Progress During January, its first month of operations, Crane Company accumulated the following manufacturing costs: raw materials $5.000 on account factory labor $7,600 of which $5,600 relates to factory wages payable and $2,000 relates to payroll taxes payable. and factory utilities payable $2,600. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 (To record purchase of raw materials on account) 31 (To record purchase of raw materials on account) 31 (To record factory labor costs) 31 (To record entry for utilities payable)