Question New York Yankees manufactures and sell ball caps. The following information was extracted from their records for the current year. Accounts receivable, January-1 120 Depreciation--plant, building & equipment S 80 Indirect manufacturing labour 100 Direct manufacturing labour 150 Account payable, January-1 70 |Direct materials used $ 180 Accounts receivable, December-31 S 65 Plant equipment S 75 Direct materials, January-1 S 40 Marketing and customer service costs $ 180 Account payable, December-31 S 52 Miscellaneous manufacturing overhead S 70 Sales 600 Plant supplies used S 60 Work in process, January-1 S 45 Finished goods, December-31 S 69 Direct materials, December-31 30 Property taxes on plant S 50 Work in process, December-31 55 Finished goods, January-1 S 89 Plant utilities S 90 Sales office --equipment depreciation S 45 Required: a) How much direct material was purchased? 170 b) What was the prime cost? 330 C) What was the total factory overhead cost? 450 dj If total manufacturing cost were S 965 $ 955 then how much would cost of goods manufactured be? e) If Cost of Goods Manufactured was 5868 $ 908 what is the Cost of Goods Sold for the year