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please show the equations you used! PRINT Practice Exercise 2 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation
please show the equations you used!
PRINT Practice Exercise 2 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $121,000 Advertising expense $46,000 15,000 22,000 36,000 51,000 61,000 Property taxes on plant 7,600 Delivery expense 111,000 24,000 Sales commissions Salaries paid to sales clerks Work in process inventory was $13,000 at January 1 and $16,600 at December 31. Finished goods inventory was $61,000 at January 1 and $45,700 at December 31. Compute cost of goods manufactured. Cost of goods manufacturec Compute cost of goods sold. Cost of goods soldStep by Step Solution
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