Question 1

The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:

Sales revenue $700,000 Costs incurred:
Direct labor cost	$87,000
Purchases of raw materials	$126,000
Manufacturing overhead	$206,000
Advertising expense	$101,000
Sales salaries	$33,000
Depreciation, office equipment	$8,000

	Beginning of the Year	End of the Year
Inventories:
Raw materials	$8,000	$10,000
Work in process	$5,000	$20,000
Finished goods	$72,000	$26,000

Assume that all materials are direct materials. The direct material cost is?

Use the information given in the above question. Total manufacturing costs are?

Use the information given in Question 1. Cost of goods manufactured is?

Use the information in Question 1. Cost of goods sold is?

10 points.