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Cook Co. reports the following information for 2015: Sandpaper $10,000 Direct labor $680,000 Small tools 100,000 Materials inventory, Jan 1 120,000 Coolants & lubricants 7,000

Cook Co. reports the following information for 2015:

Sandpaper

$10,000

Direct labor

$680,000

Small tools 

100,000

Materials inventory, Jan 1

120,000

Coolants & lubricants 

7,000

Materials inventory, Dec 31 

86,000

Machine helpers' salaries

86,000

Materials purchased 

980,000

Finished goods, Jan 1

10,000

Sales 

4,000,000

Finished goods, Dec 31

400,000

Work-in-process, Jan 1

30,000

Leasing costs, plant

120,000

Work-in-process, Dec 31 

20,000

Depreciation, plant

70,000

Sales Commissions

200,000

Property taxes, equipment

10,000

Insurance, factory equipment

5,000

Sales salaries

180,000

Advertising costs

150,000

Office administration costs

250,000

Units completed

82,000

 

Determine the following for Cook Co. for 2015: 

Cost of DM used

Total Manufacturing Cost

Cost of Goods Manufactured

Cost of Goods Sold

Gross Margin

Operating Expenses

Net Income (Loss) (assuming a 30% tax bracket)

Unit Cost

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