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Question 2 (18 marks) Clarkson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2021: Inventories: Beginning Ending Raw Materials

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Question 2 (18 marks) Clarkson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2021: Inventories: Beginning Ending Raw Materials 558,000 $ 22,000 Work-in-Process 100,000 63,000 Finished Goods 47,000 51,000 Other information: Depreciation, plant buiding and equipment $ 13,000 Raw materials purchases 157,000 Insurance on plant 21,000 Sales salaries 46,000 Repairs and maintenance-plant 4,000 Indirect labor 30,000 Direct labor 129,000 Administrative expenses 56,000 Clarkson manufactured 2,000 units of lamps during the year. Requirements (a) Compute the amount of cost of goods manufactured produced. (16 marks) (6) Calculate the production cost for each unit of lamp (2 marks) The End

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