AZ ALT-3-IN A B C D E F G H 0 1 Score: 2 ALT-3-INVENTORIES 3 Choose Exercise (1-5) 4 1 K M 5 RAW MATERIALS 6 Beginning Balance 4,000 ? 7 Purchases of RM 22,000 8 Ending Balance RM 9,000 Lander Manufacturing had beginning raw materials of $4,000. During the month, Lander made raw material purchases of $22,000. At the end of the month, Lander had raw materials of $9,000 remaining. What amount of raw materials were used during the month? 9 10 11 WORK IN PROCESS 12 Beginning Balance 13 Direct Materials Used 12,000 17,000 ? Lander Company's beginning Work in Process Inventory for the month was $12,000. The direct materials brought into the factory amounted to $17,000. 14 Direct Labor Costs 28,000 15 Factory Overhead Costs 32,000 The direct labor cost for the month was $28,000 and factory overhead costs were $32,000. The ending balance of Work in Process for the month was $15,000. What was the Cost of Goods Manufactured? 16 Ending Balance of WIP 15,000 17 18 19 FINISHED GOODS 20 Beginning Balance 8,000 ? At the beginning of the month, Lander had a beginning finished goods inventory of $8,000. The Cost of Goods Manufactured for the month was $74,000. 21 Cost of Goods Manufactured 74,000 22 Ending Balance of FG 12,000 At the end of the month, the finished goods inventory was $12,000. What was the cost of goods sold for the month? 23 24 25 Sales for the month were $95,000. What amount of gross profit was earned during the month? 26 27 28 COST OF GOODS SOLD 70,000 SALES 29 70,000 95,000 95,000 30 31 32 0 0 0 0