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Data for the next 3 questions: Shaw Manufacturing, a small manufacturer, has submitted the items below concerning 2018 operations in random order. Prepare a statement
Data for the next 3 questions: Shaw Manufacturing, a small manufacturer, has submitted the items below concerning 2018 operations in random order. Prepare a statement of Cost of Goods Manufacture and Sold, then answer the following questions: Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending Finished goods inventory beginning Finished goods inventory ending Sales Revenues Direct labor cost Purchases of raw materials Indirect labor cost Administrative salaries Sales salaries Depreciation factory equipment Travel and entertainment cost by sales people Insurance on factory Advertising expense Repairs and maintenance of factory Depreciation-factory building Taxes on factory Advertising cost in newspaper Depreciation-selling and admin office equipment $4,000 $5,000 $3.000 $2,000 $15.000 $30,000 $128.000 $35,040 $23,360 $18,880 $3,840 $3,200 $2,560 $2,256 $2,240 $1,920 $1,440 $1,280 $720 $384 $288 Q12. Compute cost of direct materials requested and used in factory during the year. Example of answer: 4500
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