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please help. will leave good feedback. Raw materials on 1/1: $6,000 Work in process on 1/1: $13,000, on 12/31: $32,000 Finished goods on 1/1: $5,000;
please help. will leave good feedback. Raw materials on 1/1: $6,000 Work in process on 1/1: $13,000, on 12/31: $32,000 Finished goods on 1/1: $5,000; on 12/31: $4,000 o known: $40,000 Purchases of raw materials Direct materials issued $31,000 Prime costs $54.000 Indirect materials issued $12,000 Indirect labor $9,000 Factory insurance $2,300 Utilities $9,000 (1/3 is production, 2/3 to administra $4,000 (1/2 relates to production, 1/2 to ad Depreciation offices) Administrative salaries $10,000 $7,500 Sales commissions $900 Warranty costs Sales $121,000 1. What is the ending balance of Raw Materials? 2. What amount will be charged for direct labor? 3. What is Cost of Goods Manufactured? 4. What is Cost of Good Sold? 5. What was operating income
please help. will leave good feedback.
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