Question
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product$128,000Advertising expense$53,500Depreciation on plant68,000Property taxes on plant17,200Property taxes on store8,180Delivery expense23,900Labor costs
Lopez Corporation incurred the following costs while manufacturing its product.
Materials used in product$128,000Advertising expense$53,500Depreciation on plant68,000Property taxes on plant17,200Property taxes on store8,180Delivery expense23,900Labor costs of assembly-line workers111,900Sales commissions40,300Factory supplies used24,800Salaries paid to sales clerks52,300
Work in process inventory was $13,500at January 1 and $16,800at December 31. Finished goods inventory was $62,500at January 1 and $47,700at December 31.
Compute cost of goods manufactured.
$
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