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Raw Mat. Beginning = $60,000 Raw Mat. Purchased = $140,000 Raw Mat. Ending = $64,000 G&A Expenses = $103,500 Selling Expenses = $75,000 Rent expense
Raw Mat. Beginning = $60,000 Raw Mat. Purchased = $140,000 Raw Mat. Ending = $64,000 G&A Expenses = $103,500 Selling Expenses = $75,000
Rent expense = $45,000 Repairs expenses = $11,500 Factory utilities = $9500 Factory supplies = $14,000 Indirect Labor =$38,000
You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Factory $50,000 54,000 50,000 $40,000 43,000 Repairs expense - Factory $30,000 33,000 Factory supplies used (indirect materials) Factory utilities $20,000 $10,000 $0 Beginning Ending Beginning Ending Beginning Ending Beginning Ending Indirect labor Additional Data Accounts receivable, net Cash Direct labor $150,000 $350,000 $180,000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 +ableau on = Compute cost of goods sold for the current year ended December 31. Note: use cost of goods manufactured calculated in part 1 Mountaineer Co. Computation of Cost of Goods Sold For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold ch G O BiStep by Step Solution
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