Question
Costco Manufacturing Company had the following account balances for the quarter ending June 30, unless otherwise noted: Work-in-process inventory (April 1) $ 180,400 Work-in-process inventory
Costco Manufacturing Company had the following account balances for the quarter ending June 30, unless otherwise noted:
Work-in-process inventory (April 1) $ 180,400
Work-in-process inventory (June 30) 271,000
Direct materials used 420,000
Indirect materials used 84,000
Direct manufacturing labor 480,000
Indirect manufacturing labor 186,000
Property taxes on manufacturing plant building 28,800
Salespersons' company vehicle costs 12,000
Depreciation of manufacturing equipment 264,000
Depreciation of office equipment 123,600
Miscellaneous plant overhead 135,000
Plant utilities 92,400
General office expenses 305,400
Marketing distribution costs 30,000
Calculate the total amount of inventoriable costs during the quarter.
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