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Calculate the total product cost Sadie's Company has the following information for last year: Raw Material Purchase $ 500,000 Indirect Factory Labor $ 56,000 Direct
Calculate the total product cost
Sadie's Company has the following information for last year: Raw Material Purchase $ 500,000 Indirect Factory Labor $ 56,000 Direct Labor $ 250,000 Administrative Salaries $ 155,000 $ 58,000 Sales Office Salaries $ 120,000 Depreciation on Factory Equipment $ 80,000 Depreciation on Factory Building Beginning Balance, Raw Material $ 90,000 Depreciation on Office Building $ 59,000 Beginning Balance, WIP $ 185,000 Factory insurance $ 65,000 Beginning Balance, Finished Goods $ 85,000 Property taxes on Factory $ 60,000 Ending Balance, Raw Materials $ 75,000 Property taxes on Office $ 35,000 Ending Balance, WIP $ 210,000 Utilities for Factory $ 60,000 Ending Balance, Finished Goods $50,000 Utilities for Office $3,500 Advertising Expense $ 174,000 Sadie completed 230,000 units which were sold at a price of $8. Sadie paid a sales commission of 5% of sales. REQUIRED: Calculate the total product cost: (Enter a number rounded to nearest WHOLE DOLLAR without commas or dollar signs)Step by Step Solution
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