Exercises: Set B 1 EXERCISES: SET B E1-1B Carmen Company reports the following costs and expenses in March. Determine the total amount Factory utilities $ 18,600 / Direct labor $98,100 of various types of costs. Depreciation on factory Sales salaries 46,400 (LO 2 equipment 14,445 Property taxes on factory Depreciation on delivery trucks 9,600 building 2,500 Indirect factory labor 48,900 Repairs to office equipment 2,300 Indirect materials 80,800 Factory repairs 2.000 Direct materials used 137,600 Advertising 18,000 Factory manager's salary 13,000 Office supplies used 5,370 Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Period costs. E1-2B Thomas Delivery Service reports the following costs and expenses in July 2020. Classify various costs into different cost categories. Indirect materials $ 8,775 Drivers' salaries $16,035 Depreciation on delivery Advertising 1,600 (LO 2) equipment 11,200 Delivery equipment Dispatcher's salary 7,000 repairs 300 Property taxes on office Office supplies 650 building 3,625 Office utilities 990 CEO's salary 22,000 Gas and oil for delivery trucks Repairs on office 2,200 equipment 745 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs. E1-3B James Corporation incurred the following costs while manufacturing its product. Compute cost of goods manufactured and sold. Materials used in product $135,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 19,000 (LO 3 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 1 10,000 Sales commissions 35,000 Factory supplies used 25,000 Salaries paid to sales clerks 50,000 Work-in-process inventory was $17,500 at January 1 and $14,000 at December 31. Finished goods inventory was $60,500 at January 1 and $42,000 at December 31. Instructions (a) Compute cost of goods manufactured. (b) Compute cost of goods sold. E1-4B An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured RAMOS MANUFACTURING COMPANY schedule. Cost of Goods Manufactured Schedule (LO 3 For the Year Ended December 31, 2020 Work in process (1/1) Direct materials $207,500 Raw materials inventory (1/1) ? Add: Raw materials purchases 165,000 Total raw materials available for use Less: Raw materials inventory (12/31) 17,500 Direct materials used Direct labor $190,000 Manufacturing overhead