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Chen Corporation had the following infor mation available for 2018: Chapter 15 Checkpoint #3 Name Chen Corporation had the following information available for 2018 Beginning
Chen Corporation had the following infor mation available for 2018:
Chapter 15 Checkpoint #3 Name Chen Corporation had the following information available for 2018 Beginning Balance Ending Balance Raw Materials Work in Process Finished Goods $25,000 9.000 12.000 $31,000 7,000 15,000 Additional Information for 2018: Adv Direct Labor Factory Depreciation Factory Insurance Factory Property Taxes Factory Repairs Factory Utilities Indirect Materials Used Marketing Manager's Salary Office Utilities Expense Raw Material Purchases Sales Revenue Total Factory Labor Charges S 220.000 900,000 45,100 68,000 12,000 100,000 31,000 65,000 100,000 85,000 580,000 3,500,000 928,000 ertising Expenses REQUIRED A. B. C. D. E. F. Compute the direct material costs for the year Compute the indirect labor costs for the year Com Compute the cost of goods manufactured for the year Compute the cost of goods sold for the year Compute the gross profit for the year pute the total overhead costs for the yearStep by Step Solution
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