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At December 31, 2019, the end of its fiscal year, Acme Manufacturing Co. collected the following data for 2019: Materials inventory, January 1 Materials
At December 31, 2019, the end of its fiscal year, Acme Manufacturing Co. collected the following data for 2019: Materials inventory, January 1 Materials inventory, December 31. Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Net delivered cost of materials purchased Direct labor $ 5,000 10,000 25,000 20,000 15,000 30,000 50,000 30,000 3,000 5,000 10,000 6,000 12,000 18,000 Indirect materials Indirect labor Factory depreciation Factory repairs and maintenance Selling expenses (total) Non-factory administrative expenses (total) There were no manufacturing overhead items other than those listed above. Calculate the total manufacturing costs for the year. (Hint: this is the total cost that gets added to the work-in-process account during the year.) Question 6 (2 points) E Listen Using the information in question 5, calculate the total costs of goods manufactured during the year. (Hint: this is the total cost that gets added to the finished goods account during the year.) A/ Question 7 (2 points) Listen Using the information in question 5, calculate the cost of goods sold for the year. >>
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