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Mead, a manufacturer of school supplies, had the following beginning and ending inventories for their most popular product, the Trapper Keeper notebook, for the year

Mead, a manufacturer of school supplies, had the following beginning and ending inventories for their most popular product, the Trapper Keeper notebook, for the year ended December 31,1985:

January 1 December 31
Raw Materials Inventory $2,500 $6,758
Work in Process Inventory $15,600 $14,334
Finished Goods Inventory $54,000 $50,000

In addition, direct labor costs of $28,500 were incurred. Manufacturing overhead totaled $19,000(inclusive of indirect materials), materials purchased were $30,000, and selling and administrative costs were $17,000. Mead sold 16,000 units of the Trapper Keeper notebook during the year at a sales price of $4.50 per notebook. Raw Materials Inventory includes both indirect and direct materials.


What were the total manufacturing costs added during the year assuming indirect materials used totaled $1,500?

 






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