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Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $ 5,180 Direct materials used 252,700 Work in
Axteks Corporation has the following cost records for the year ended December 31, 2020:
Indirect factory labour | $ 5,180 | ||
Direct materials used | 252,700 | ||
Work in process (1/1/2020) | 31,900 | ||
Work in process (12/31/2020) | 25,800 | ||
Finished goods (1/1/2020) | 35,300 | ||
Finished goods (12/31/2020) | 29,200 | ||
Factory utilities | 41,600 | ||
Depreciation, factory equipment | 34,800 | ||
Direct labour | 301,400 | ||
Indirect materials | 22,300 | ||
Factory managers salary | 63,100 | ||
Selling and administrative expenses | 348,000 | ||
Net sales | 1,233,000 | ||
Factory machinery rent | 42,800 |
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