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Dog-Gone-Good, Inc. manufacturers it own brand of pet treats. At the end of the year, the accounting records showed the following: Balances: Beginning Ending Direct
Dog-Gone-Good, Inc. manufacturers it own brand of pet treats. At the end of the year, the accounting records showed the following:
Balances: | Beginning | Ending |
Direct Materials | 13,500 | 7,500 |
Work-in-Process Inventory | 0 | 3,500 |
Finished Goods Inventory | 0 | 5,200 |
Other Information: | ||
Direct Materials purchased | 36,000 | |
Plant janitorial services | 700 | |
Sales salaries | 6,000 | |
Delivery Costs | 1,300 | |
Net sales revenue | 107,000 | |
Utilities for plant | 1,300 | |
Rent on plant | 17,000 | |
Customer service hotline costs | 1,200 | |
Direct labor | 23,000 | |
Answers to questions below should be formatted like numbers above. NO dollar sign and NO decimals. Only use whole numbers and commas.
Calculate Direct Materials Used: _______
Calculate Manufacturing Costs Incurred During the Year:_________
Calculate Cost of Goods Manufactured :_________
Calculate Cost of Goods Sold :_________
Calculate Gross Profit :________
Calculate Net Income
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