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Nu Corporation recorded the following costs and expenses for the year: Raw material purchases: $5,300,000 Direct labor: $2,400,000 Indirect labor - factory: $950,000 Factory repairs:

Nu Corporation recorded the following costs and expenses for the year:

Raw material purchases: $5,300,000

Direct labor: $2,400,000

Indirect labor - factory: $950,000

Factory repairs: $280,000

Factory utilities: $320,000

Factory rent: $270,000

Depreciation - factory building: $220,000

Depreciation - office equipment: $85,000

Office supplies: $75,000

Sales commissions: $400,000

Advertising expense: $370,000

Administrative salaries: $690,000

Inventory balances:


Beginning

Ending

Raw Materials

$440,000

$510,000

Work in process

$470,000

$430,000

Finished goods

$570,000

$730,000

Requirements:

Calculate the total factory overhead.

Determine the cost of raw materials used.

Compute the total manufacturing costs.

Calculate the cost of goods manufactured.

Determine the cost of goods sold.

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