Question
Ghajar Company, a manufacturing firm, has supplied the following information from its accounting records for the last year: Direct labor cost $125,600 Purchases of raw
Ghajar Company, a manufacturing firm, has supplied the following information from its accounting records for the last year:
Direct labor cost $125,600
Purchases of raw materials 70,000
Supplies used in factory 2,050
Factory insurance 3,000
Commissions paid 20,000
Factory supervision and indirect labor 62,700
Advertising 17,992
Material handling in factory 20,300
Work in process inventory, January 1 125,000
Work in process inventory, December 31 145,000
Materials inventory, January 1 34,000
Materials inventory, December 31 21,000
Finished goods inventory, January 1 56,000
Finished goods inventory, December 31 37,000
Question 1 (2 points)
Question 1 options:
Direct Materials Used = $
Question 2 (2 points)
Question 2 options:
Direct Labor Used = $
Question 3 (2 points)
Question 3 options:
Manufacturing Overhead = $
Question 4 (2 points)
Question 4 options:
Cost of Goods Manufactured = $
Question 5 (2 points)
Question 5 options:
Cost of Goods Sold = $
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