Harry manufacturing Ltd produces weather vanes. For the just-ended, Harry produced 10,000 weather vanes with the following total costs:

Direct materials$20,000

Direct labor$35,000

Overhead$10,000

Selling expenses$6,250

Administrative expenses$14,400

During the year, Harry sold 9,800 units for $12 each. Beginning finished goods inventory and ending finished goods inventory cost would be $4,095 and $5,395 respectively. There were no beginning or ending inventories of work in process.

Determine the cost of goods manufactured,

Answer 1

Choose...

$69,095

$96,950

$52,600

$33,250

$63,700

$74,550

$53,900

$65,000

$59,605

Determine the cost of goods sold,

Answer 2

Choose...

$69,095

$96,950

$52,600

$33,250

$63,700

$74,550

$53,900

$65,000

$59,605

Calculate the net income of Harry manufacturing Ltd,

Answer 3

Choose...

$69,095

$96,950

$52,600

$33,250

$63,700

$74,550

$53,900

$65,000

$59,605