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Jordan Company produces womens clothing. During 2010, the company incurred the following costs: Factory rent $425,000 Direct labor 325,000 UtilitiesFactory 35,000 Purchases of direct materials
Jordan Company produces womens clothing. During 2010, the company incurred the following costs:
Factory rent $425,000
Direct labor 325,000
UtilitiesFactory 35,000
Purchases of direct materials 625,000
Indirect materials 70,000
Indirect labor 80,000
Inventories for the year were as follows:
January 1 December 31
Direct materials $ 30,000 $50,000
Work in process 60,000 25,000
Finished goods 115,000 95,000
How much is the cost of goods manufactured for the period?
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