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Alexsandar Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses
Alexsandar Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials): |
Selling expenses | $ | 217,000 |
Purchases of raw materials | $ | 263,000 |
Direct labor | ? | |
Administrative expenses | $ | 151,000 |
Manufacturing overhead applied to work in process | $ | 336,000 |
Total actual manufacturing overhead costs | $ | 359,000 |
Inventory balances at the beginning and end of the year were as follows: |
Beginning of Year | End of Year | |||||
Raw materials | $ | 59,000 | $ | 30,000 | ||
Work in process | ? | $ | 29,000 | |||
Finished goods | $ | 37,000 | ? | |||
The total manufacturing costs for the year were $685,000; the cost of goods available for sale totaled $725,000; the unadjusted cost of goods sold totaled $663,000; and the net operating income was $39,000. The company |
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