Asked by Dentortho

The following selected information was extracted from the 20x3...

The following selected information was extracted from the 20x3 accounting records of Farrina Products:

Raw materials used$300,000

Direct labor202,000

Indirect labor43,000

Selling and administrative salaries290,000

Building depreciation*410,000

Other selling and administrative expenses88,000

Other factory costs660,000

*Seventy percent of the company's building was devoted to production activities; the remaining 30% was used for selling and administrative functions.

Farrina's beginning and ending work-in-process inventories amounted to $330,000 and $261,000, respectively. The company's beginning and ending finished-goods inventories were $466,000 and $448,000, respectively.

Required:

A. Calculate Farrina's manufacturing overhead for the year.

B. Calculate Farrina's cost of goods manufactured.

C. Compute Farrina's cost of goods sold.