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Koufax Materials Corporation produces plastic products for home appliances and electronics. The financial department has produced the following information for the year ended December
Koufax Materials Corporation produces plastic products for home appliances and electronics. The financial department has produced the following information for the year ended December 31. Administrative salaries Depreciation on the administrative building Depreciation on the manufacturing plant Direct labor $ 2,644,000 1,161,000 1,769,000 4,711,500 Direct materials inventory, January 1 1,088,200 Direct materials inventory, December 31 1,254,000 Direct materials purchased during the year 8,975,000 Distribution costs 676,000 ces Finished goods inventory, January 1 1,661,000 Finished goods inventory, December 31 1,388,500 Indirect labor 561,000 Insurance (on manufacturing plant) 72,200 Legal fees 515,300 Maintenance (on the manufacturing plant) 234,400 Manufacturing plant utiities 803,100 Marketing costs 768,250 Other manufacturing plant costs 649,880 Sales revenue 22,673,920 Taxes (on manufacturing plant and property) 234,600 Work-in-process inventory, January 1 Work-in-process inventory, December 31 Prov 422,250 415,700 Novt
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