Question
question 3: Supersave Ltd. has the below inventory balances and other information at the end of Dec 2020. Balances Beginning Ending Direct Material $ 15,750.00
question
3:
Supersave Ltd. has the below inventory balances and other information at the end of Dec 2020.
| Balances | |
| Beginning | Ending |
|
|
|
Direct Material | $ 15,750.00 | $ 8,000.00 |
Working in Process Inventory | $ 2,850.00 | $ 3,500.00 |
Finished Goods Inventory | $ 2,200.00 | $ 3,800.00 |
|
|
|
Other information |
|
|
Purchase of Direct Material | $ 50,000.00 |
|
Factory Supervisor Salaries | $ 5,750.00 |
|
Sales Salaries and Commissions | $ 7,250.00 |
|
Delivery Cost | $ 1,400.00 |
|
Sales Revenue | $ 115,000.00 |
|
Factory Utility Costs | $ 1,200.00 |
|
Factory Rent | $ 17,750.00 |
|
Direct Labor | $ 26,000.00 |
|
Required:
Please calculate the amount of cost of goods manufactured.
need asap please
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