Question
Mickey Manufacturing Inc. incurred the following costs in February: Direct labor $5,000 Advertising costs $1,200 Indirect labor 2,500 Factory rent 2,000 Administrative salaries 750 Factory
Mickey Manufacturing Inc. incurred the following costs in February:
Direct labor | $5,000 |
| Advertising costs | $1,200 |
Indirect labor | 2,500 |
| Factory rent | 2,000 |
Administrative salaries | 750 |
| Factory depreciation | 500 |
Raw materials purchased | 6,000 |
| Administrative rent | 1,750 |
Indirect materials used | 1,500 |
| Administrative depreciation | 250 |
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In addition, the following information is also available:
| Beginning |
| Ending |
Raw materials | $ 1,100 |
| $ 2,000 |
Work-in-process | 10,500 |
| 9,000 |
Finished goods | 4,000 |
| 5,660 |
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Number of units produced | 5,000 units | ||
Number of units sold |
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(sales price of $25 per unit) | 4,500 units | ||
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Required:
A. | Calculate total period costs. |
B. | Calculate raw materials used. |
C. | Calculate cost of goods manufactured. |
D. | Calculate the product cost per unit. |
E. | Calculate cost of goods sold. |
F. | Calculate net income. (ignore taxes) |
IF YOU ARE ONLY ABLE TO ANSER A FEW PLEASE ASNER D, E, F THANKS
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