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Freeman Furnishings has summarized its data as shown: Depreciation of factory building $111,250 Factory real estate taxes $15,000 Factory utility expenses $85,000 Indirect materials $32,000
Freeman Furnishings has summarized its data as shown: Depreciation of factory building $111,250 Factory real estate taxes $15,000 Factory utility expenses $85,000 Indirect materials $32,000 Indirect labor $25,000 Direct labor cost $85,000 Direct labor hours incurred 24,500 Estimated direct labor hours 25,000 Raw material purchased $330,000 Raw material, beginning inventory $20,000 Raw material, ending inventory $27,000 Work in process, beginning inventory $50,000 Work in process, ending inventory $69,000 Estimated overhead $281,250 Compute the cost of goods manufactured, assuming that the overhead is allocated based on direct labor hours
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