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Cost of Goods Manufactured and Sold Selected account balances of Sweeney Manufacturers Inc. appear below for 2019: Beginning of Year $150,700 152,650 129,250 Finished Goods
Cost of Goods Manufactured and Sold Selected account balances of Sweeney Manufacturers Inc. appear below for 2019: Beginning of Year $150,700 152,650 129,250 Finished Goods Inventory Work In Process Inventory Raw Materials Inventory Advertising Expense Sales Direct Labor Factory Supervisory Salaries Income Tax Expense Factory Property Taxes Headquarters Building Property Taxes Raw Material Purchases Administrative Expenses Factory Utilities Sales Returns and Allowances Headquarters Building Depreciation Expense Factory Depreciation Expense Indirect Labor Selling Expenses Factory Supplies Factory Rent Miscellaneous Factory Expenses End of Year $148,000 149,4001 136,400 24,700 257,400 155,900 18,000 25,000 1,521 3,159 154,990 17,000 1,872 15,000 3,510 4,680 6,562 131,5901 1,287 2,574 795 Instructions Using the above information for Sweeney Manufacturers Inc., answer the following questions. 1. What was the amount of raw materials used? 2. What was the total manufacturing cost incurred? 3. What was the cost of goods manufactured? 4. What was the cost of goods sold
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