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Carlton Manufacturing Company provided the following details about operations in February: Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory
Carlton Manufacturing Company provided the following details about operations in February: Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building $142,000 38,200 33,300 56,600 3,200 43,700 26,800 17,900 4,200 20,800 109,500 ? The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Beginning End of of Month Month $ 29,000 ? 25,600 ? 17,000 ? Raw materials Work in process Finished goods Raw materials used in production cost $148,520, total overhead costs for the month were $182,480, the goods available for sale totalled $376,000, and the cost of goods sold totalled $329,500.
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