Problem #1 (20 points)

Gourmet Cooking Company manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following:

Balances:	Beginning:	Ending:
Direct Materials	$13,500	$7,500
Work-in-Process Inventory	0	3,500
Finished Goods Inventory	0	5,200
Other Information:
Direct Materials Purchases		$36,000
Plant janitorial services		700
Sales salaries		6,000
Delivery costs		1,300
Net sales revenue		10,700
Utlities for plant		1,300
Rent on plant		17,000
Customer service hotline costs		1,200
Direct labor		23,000

Calculate the total cost of goods manufactured for the year ended December 2018.

Hint: some information is not necessary.

Be sure to label your answers. You will lose points if your work is not labeled.