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Casual Shoe Company makes loafors. During the most recent year, Casual incurred total manufacturing costs of $23.200.000 of this amount, $2,300,000 was direct materials used

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Casual Shoe Company makes loafors. During the most recent year, Casual incurred total manufacturing costs of $23.200.000 of this amount, $2,300,000 was direct materials used and $16.800,000 was direct labor Beginning balances for the year were Direct Materials $800,000. Works Process Inventory, 5600,000 and Finished Goods Inventory $1,300,000. At the end of the year balances were Direct Materials $700,000 Work-in-process inventory, $1.500.000, and Finished Goods Inventory, 5910,000 Read the Requirement 1. Analyze the inventory accounts to determine the cost of direct materiale purchased during the year. Direct Materials Direct Materials Used Beginning Direct Materials Ending Direct Materials Purchases Requirement 2. Analyze the inventory accounts to determine the cost of goods manufactured for the year, Work-in-Process Work-in-Process Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured Requirement 3. Analyze the inventory accounts to get UDUT YUus SUI TUI O yoon Finished Goods Beginning Finished Goods Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold

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