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Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $126,100 Advertising expense $53,400 Depreciation on plant 70,700 Property taxes on
Lopez Corporation incurred the following costs while manufacturing its product.
Materials used in product | $126,100 | Advertising expense | $53,400 | |||
---|---|---|---|---|---|---|
Depreciation on plant | 70,700 | Property taxes on plant | 16,500 | |||
Property taxes on store | 8,060 | Delivery expense | 22,000 | |||
Labor costs of assembly-line workers | 111,900 | Sales commissions | 44,200 | |||
Factory supplies used | 24,000 | Salaries paid to sales clerks | 51,100 |
Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at December 31.
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.
Compute cost of goods manufactured.
Cost of goods manufactured | $. |
Compute cost of goods sold.
Cost of goods sold | $. |
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