Question
Mars Sporting Goods Company manufactured 130,000 sets of shoulder pads in 2020 and reported the following costs: Work-in-Process, January 1 12,000 Plant utilities 24,000 Direct
Mars Sporting Goods Company manufactured 130,000 sets of shoulder pads in 2020 and reported the following costs:
| Work-in-Process, January 1 | 12,000 |
| Plant utilities | 24,000 |
| Direct Material inventory, December 31 | 20,000 |
| Machinery grease, lubricants | 7,000 |
| Leasing cost, plant | 60,000 |
| Depreciation, factory equipment | 27,000 |
| Finished Goods, December 31 | 75,000 |
| Revenues | 950,000 |
| Work-in-Process, December 31 | 4,000 |
| Sales commissions | 95,000 |
| Finished Goods, January 1 | 67,000 |
| Marketing/distribution | 110,0000 |
| Direct Material inventory, January 1 | 18,000 |
| Direct Labor | 200,000 |
| Indirect manufacturing labor | 8,000 |
| Direct Material purchases | 280,000 |
| Indirect materials | 9,000 |
| Depreciation, administrative office | 12,000 |
What were the total manufacturing costs incurred during 2020?
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A Standardized Financial Statement Auditing Framework For The Cloud Ecosystem Standards Principle Rules Volume 1
Authors: Cpa Citp Kilby
1st Edition
1636612237, 978-1636612232
