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Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 2020. Beginning raw materials inventory $
Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 2020. | ||||
Beginning raw materials inventory | $ 872,500 | |||
Raw materials purchased (net) | 2,476,600 | |||
Ending raw materials inventory | 911,500 | |||
Direct labor costs | 299,800 | |||
Indirect materials | 136,000 | |||
Indirect labor | 75,800 | |||
Factory utilities | 469,000 | |||
Factory depreciation | 42,000 | |||
Property taxes on office building only | 3,600 | |||
Property taxes on factory building only | 5,200 | |||
Property insurance on factory building only | 6,100 | |||
Factory maintenance | 14,400 | |||
Depreciation on office equipment | 6,050 | |||
Salaries for customer service personnel | 101,000 | |||
Beginning work in process | 801,000 | |||
Ending work in process | 702,500 | |||
(a) | Arrange the cost data into a statement of cost of goods manufactured. | |||
(b) | If Ashley's cost of goods sold for the month was $3,900,000, how much was the increase or decrease in finished goods inventory for the month of September? |
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