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Crane Corporation incurred the following costs while manufacturing its product. Materials used in product $157,500 Depreciation on factory 75,600 Property taxes on store 9,450
Crane Corporation incurred the following costs while manufacturing its product. Materials used in product $157,500 Depreciation on factory 75,600 Property taxes on store 9,450 Labor costs of assembly-line workers 138,600 Factory supplies used 28,980 Advertising expense 56,700 Property taxes on factory 23,940 Delivery expense 26,460 Sales commissions 44,100 Salaries paid to sales clerks 63,000 Work in process inventory was $34,020 at January 1 and $19,530 at December 31. Finished goods inventory was $81,900 at January 1 and $63,710 at December 31. (Assume all raw materials used were direct materials.) (a) Compute cost of goods manufactured. Cost of goods manufactured $ Save for Later Attempts: 0 of 1 used Submit Answer
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