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Raw materials were purchased on account, $646,000. Raw materials use in production, $608,000. All of of the raw materials were used as direct materials. The
- Raw materials were purchased on account, $646,000.
- Raw materials use in production, $608,000. All of of the raw materials were used as direct materials.
- The following costs were accrued for employee services: direct labor, $580,000; indirect labor, $150,000; selling and administrative salaries, $317,000.
- Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $376,000.
- Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities), $480,000.
- Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year.
- Jobs costing $1,765,050 to manufacture according to their job cost sheets were completed during the year.
- Jobs were sold on account to customers during the year for a total of $2,970,000. The jobs cost $1,775,050 to manufacture according to their job cost sheets.
rev: 09_28_2018_QC_CS-140681
10. What is the cost of goods available for sale during the year?
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