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LastingTreats manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed thefollowing: Balances: Beginning Ending Direct Materials
LastingTreats manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed thefollowing:
Balances:
Beginning
Ending
Direct Materials
$
13,600
$
9,000
Work-in-Process Inventor. 0
3,000
Finished Goods Inventory. 0
5,800
Other information:
Direct materials purchases
$
30,000
Plant janitorial services
1,000
Sales salaries
5,100
Delivery costs
1,400
Net sales revenue
115,000
Utilities for plant
1,700
Rent on plant
12,000
Customer service hotline costs
1,000
Direct labor
20,000
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