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3. (3,5 Points) The following information relates to Washington, Inc.: Advertising Costs $19,000 Sales Salary 14,000 Sales Revenue 530,000 President's Salary 340,000 Office Rent 64,500
3. (3,5 Points) The following information relates to Washington, Inc.: Advertising Costs $19,000 Sales Salary 14,000 Sales Revenue 530,000 President's Salary 340,000 Office Rent 64,500 Manufacturing Equipment Depreciation 1,400 Indirect Materials Used 7,600 Indirect Labor 12.000 Factory Repair and Maintenance 920 Direct Materials Used 30,000 Direct Labor 41,000 Delivery Vehicle Depreciation 1,750 Administrative Salaries 29,000 Required: How much were Washington's product costs? 4. (3,5 Points) Jasper, Inc. reports the following cost information for March: Cost of Goods Manufactured Manufacturing Overhead $74,100 18,800 Finished Goods Inventory, March 1 4,500 Finished Goods Inventory, March 31 2,000 Work-in-Process Inventory, March 1 9,100 Work-in-Process Inventory, March 31 1,100 25,600 Direct Materials Used Required: What is the cost of goods sold for March? 5. (3,5 Points) The cost of goods sold for Frye Manufacturing in the year was $373,000. The Ja Finished Goods Inventory balance was $30,200, and the December 31 Finished Goods Invento balance was $24,000. Required: Calculate the cost of goods manufactured during the year. 6. (3,5 Points) Selected data for Lemon Grass, Inc. for the year are provided below: Factory Utilities $1,200 Indirect Materials Used 34,000 Direct Materials Used 289,000 Property Taxes on Factory Building 6,000 Sales Commissions 80,000 Indirect Labor Incurred 21,000 Direct Labor Incurred 150,000 Depreciation on Factory Equipment 6,100 Required: What is the total manufacturing overhead
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