i already submitted this earlier and they did not inform me wether this portion was correct or not?

Practice again, without words given: Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Plant depreciation Nike, Inc. Data for December 31 Beginning End of of Year $60,000 $70,000 Plant utilities expense 110,000 90,000 Plant admin. salaries 130,000 160,000 Oil for mig, equipment 180,000 Marketing exp. 220,000 General and admin exp. 100,000 Sales End of Year $17,000 80,000 3,000 300,000 80,000 1,200,000 Nike, Inc. Calculation of Raw Materials Used For the year ended December 31 Begining faw materials entory S60000 Plus: Purdnoses of Direct Motolis $180,000 Materials Available for use $ 240,000 Less Ending Row morends in gta4 $70,000 Direct Materials Used $170,000 Nike, Inc. Calculation of Cost of Goods Manufactured For the year ended December 31 Begining wok in process inventory $110.000 PUS: manufacturing costs incurred Direct materials used $170,000 Direct Labor $ 220,000 Manufacturing overhead $ 200,000 To Tol manufacturing coys to account for beduct: Ending work in process inventy Cost of goods manufactured 10700,000 $90.000 $ 610.000 715 THIS CORRENT Nike, Inc. Data for December 31 (same as previous page) Beginning End of of Year Year Raw materials inventory $60,000 $70,000 Plant utilities expense Work in process inventory 110,000 90,000 Plant admin. salaries Finished goods inventory 130,000 160,000 Oil for mfg. equipment Purchases of direct materials 180,000 Marketing exp. Direct labor 220,000 General and admin exp. Plant depreciation 100,000 Sales End of Year $17,000 80,000 3,000 300,000 80,000 1,200,000 Nike, Inc. Calculation of Cost of Goods Sold For the year ended December 31 Begining Finished goods inventory $130,000 PIUS: Cost of goods manufactured 9610,000 Goods Available for sale 2 +40,000 Deduct: Ending Finished goods wery #160,000 Cost of Goods Sold $580,000 Nike, Inc. Income Statement For the year ended December 31 sales Revenues 31,300,000 Less: Cost of goods sold $580,000 $630,000 Less: operating expenses 16300000 selling expenses Administratie Expenses $80,000 Operating income $240,000 Gross Profit 15 THIS CONRECT?? Chapter 2 Lecture - Page 13