DeeZees makes evening dresses. The following information was gathered from the company records for 2013, the first year of company operations. Work in Process Inventory at the end of 2013 was $14,630.

Direct material purchased on account	$568,100
Direct material issued to production	463,100
Direct labor payroll accrued	323,000
Indirect labor payroll accrued	98,500
Prepaid factory insurance expired	2,900
Factory utilities paid	20,600
Depreciation on factory equipment recorded	31,550
Factory rent paid	137,000
Sales (all on account)	1,467,000

The company's gross profit rate for the year was 40 percent.

a. Compute the cost of goods sold for 2013.

b. What was the total cost of goods manufactured for 2013?

c. What is Finished Goods Inventory at December 31, 2013?

d. If net income was $103,500, what were total selling and administrative expenses for the year?

e. Prepare journal entries to record the flow of costs for the year, assuming the company uses a perpetual inventory system and a single Manufacturing Overhead Control account and that actual overhead is included in WIP Inventory.

DeeZees makes evening dresses. The following information was gathered from the company records for 2013, the first year of company operations. Work in Process Inventory at the end of 2013 was $14, 630. The company's gross profit rate for the year was 40 percent. Compute the cost of goods sold for 2013. What was the total cost of goods manufactured for 2013? What is Finished Goods Inventory at December 31, 2013? If net income was $103, 500, what were total selling and administrative expenses for the year? Prepare journal entries to record the flow of costs for the year, assuming the company uses a perpetual inventory system and a single Manufacturing Overhead Control account and that actual overhead is included in WIP Inventory