Compute the Cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used. Crystal Bay Company Calculation of Direct Materials Used Data Table For Current Year Beginning of Year End of Year End of Year Plus: $ 29,000 $ $ 7,000 $ 42,000 $ $ 12,800 Less: Raw materials inventory Work in process inventory. Finished goods inventory Purchases of direct materials $ 18,000 $ $ 4,400 Direct materials used 32,000 Insurance on plant 35,000 Depreciation-plant building and equipment 26,000 Repairs and maintenance-plant 72,000 Marketing expenses 88,000 General and administrative expenses 39,000 $ $ 82,000 Calculate the cost of goods manufactured. Direct labor. $ $ 25,500 Indirect labor $ Choose from any list or enter any number in the input fields and then continue to t Windows Ink Workspace 1:48 PM 2/25/2021 O Type here to search DC W Compute the Cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. (Click the icon to view the data.) Crystal Bay Company Data Table Calculation of Cost of Goods Manufactured For Current Year Beginning End of End of of Year Year Year Plus: Manufacturing costs incurred Raw materials inventory $ 29,000 $ 32,000 Insurance on plant $ 7,000 Work in process inventory $ 42,000 $ 35,000 Depreciation-plant building and equipment $ 12,800 Finished goods inventory $ 18,000 $ 26,000 Repairs and maintenance-plant $ 4,400 Purchases of direct materials $ 72,000 Marketing expenses $ 82,000 Direct labor... $ 88,000 General and administrative expenses $ 25,500 Less: Indirect labor $ 39,000 Cost of goods manufactured Print Done Choose from any list or enter any number in the input fields and then contir a. Type here to search + W 1:49 PM 2/25/2021 Compute the Cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. (Click the icon to view the data.) Data Table X Cost of goods manufactured Now calculate the cost of goods sold. Beginning of Year End of Year End of Year Crystal Bay Company $ Calculation of Cost of Goods Sold 29,000 $ 42,000 $ $ Raw materials inventory Work in process inventory. Finished goods inventory Purchases of direct materials $ 7,000 $ 12,800 $ 4,400 For Current Year $ 18,000 $ 32,000 Insurance on plant 35,000 Depreciation-plant building and equipment 26,000 Repairs and maintenance-plant 72,000 Marketing expenses 88,000 General and administrative expenses 39,000 $ $ 82,000 Plus: Direct labor. $ $ 25,500 Indirect labor $ Less: Cost of goods sold Print Done Choose from any list or enter any number in the input fields and then continue to the next question.
