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Please Compete the following statement of goods manufactured. Franklin Company used $95,000 of direct materials and incurred $56,000 of direct labor costs during the current
Please Compete the following statement of goods manufactured.
Franklin Company used $95,000 of direct materials and incurred $56,000 of direct labor costs during the current period.
In addition, there was $2,900 of indirect labor amounted to $2,700 and $900 of indirect materials. Other factory costs included: utilities of $4,200, maintenance of $3,500, janitorial supplies of $2,300, depreciation of $9,900, and property taxes of $3,600. There was beginning and ending finished goods inventory of $3,000 and $2,000 respectively, and work in process inventory began the year with a $3,500 balance and ended the year with a $5,7000 balance.
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