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lavine Corporation incurred the following costs while manufacturing its product. Materials used in product epreciation on plant roperty taxes on store actory supplies used $
lavine Corporation incurred the following costs while manufacturing its product. Materials used in product epreciation on plant "roperty taxes on store actory supplies used $ 90,000 60,000 Advertising expense $45,000 Property taxes on plant 19,000 7,500 Delivery expense 21,000 Sales commissions 35,000 23,000 Salaries paid to sales clerks 50,000 abor costs of assembly-line workers 110,000 "Vork-in-process inventory was $22,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and $55,600 at December 31. NOTE: NOT ALL COSTS LISTED ABOVE WILL BE USED. PERIOD COSTS ARE NOT INCLUDED IN THESE CALCULATIONS. ALSO, CALCULATION FOR ENDING RAW MATERIALS INVENTORY NOT NECESSARY. nstructions: part a) Compute cost of goods manufactured (no adjustment for overapplied or underapplied overhead is necessary). part b) Compute cost of goods sold
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