13. Using $2,540,000 as the cost of goods manufactured, compute the cost of goods sold using the following information. Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Operating expenses A) $2,548,000. B) $2,546,000. C) $2,508,000. D) $2,532,000. 20,000 40,000 18,000 12,000 40,000 32,000 1,400,000 560,000 150,000 50,000 400,000 420,000 14. A company budgeted unit sales of 204,000 units for January, 2013 and 240,000 units for February 2013. The company has a policy of having an inventory of units on hand at the end of cach month equal to 30% of next month's budgeted unit sales. If there were 61,200 units of inventory on hand on December 31, 2012, how many units should be produced in January, 2013 in order for the company to meet its goals? A) 204,000 units B) 276,000 units C) 214,800 units D) 193,200 units 15. The direct materials budget shows: Units to be produced Total pounds needed for production Total materials required What are the direct materials per unit? A) 3.3 pounds B) Cannot be determined from the data provided. C) 3.0 pounds D) 33 pounds 3,000 9,000 9,900 Version I Page 5