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9. Calculate the cost of goods manufactured for 2020. 10. Calculate the cost of goods sold for 2020. 11. Calculate the total inventoriable costs for
9. Calculate the cost of goods manufactured for 2020.
10. Calculate the cost of goods sold for 2020.
11. Calculate the total inventoriable costs for 2020.
12. Calculate the total nonmanufacturing costs for 2020.
Use the following data for questions 9 12: Company DEF provided the following data for its 2020 operations: Marketing costs Depreciation on plant equipment Work in process inventory, 1/1/2020 Insurance and property taxes on factory Work in process inventory, 12/31/2020 Salaries paid to corporate executives Wages for factory security staff Finished goods inventory, 12/31/2020 Depreciation on office equipment Direct materials purchases Rent on retail stores Direct materials inventory, 12/31/2020 Direct materials inventory, 1/1/2020 Finished goods inventory, 1/1/2020 Miscellaneous selling costs Utilities in the retail stores Rent on manufacturing facility Indirect manufacturing labor costs Manufacturing facility utilities Direct manufacturing labor costs $148,000 $82,000 $227,000 $84,000 $48,000 $340,000 $96,000 $107,000 $185,000 $271,000 $202,000 $160,000 $137,000 $68,000 $313,000 $184,000 $273,000 $104,000 $348,000 $283,000Step by Step Solution
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