DETERMINE THE COGS AND COGM THIS MONTH.

The following are partially completed T$-$accounts for Nash. The accountant needs help filling in the remaining details of the accounts

before closing month$-$end and starting next month's transactions.

DM INVENTORY

BEGINNING BALANCE $500$

ENDING BALANCE $1,200$

WIP INVENTORY

BEGINNING BALANCE $2,200$

ENDING BALANCE $4,400$

FG INVENTORY

BEGINNING BALANCE $8,000$

ENDING BALANCE $11,600$

COGS

$196,000$

The only additional information available for this month includes payroll records and a few other items, as follows.

Nash paid $$91,000$ in total payroll costs this month, split evenly between hourly manufacturing worker wages and

manufacturing supervisor salaries.

It paid $$3,700$ in total utility costs: $80\%$ was for manufacturing facilities, and $20\%$ was for executive and administrative space.

Buildings and equipment used in manufacturing are depreciated at a steady rate of $$20,000$ per month; buildings and office

equipment in executive and administrative spaces are depreciated at a steady rate of $$13,000$ per month.

Other indirect material and indirect labor costs amounted to $$2,900.$