Requirement 4 Only.

hool unswic Read the requirements Requirement 1. For a manufacturing company, identify the following as either a product costor a period cost > Product costa. Depreciation on plant equipment Period costb. Depreciation on salespersons' automobiles Product costc. Insurance on plant building Period cost d. Marketing manager's salary Product coste. Direct materials used Product cost f. Manufacturing overhead Period cost 9. Electricity bill for human resources office Product costh. Production employee Lagos Incorre (0/3) 0/1) Requirement 2. Show how to compute cost of goods manufactured. Use the following amounts: direct materials used, $18,000, direct labor, $12,000; manufacturing overhead, $20,000; beginning Work in Process Inventory, $18,500, and ending Work in Process Inventory, $8,000. Cost of Goods Manufactured Beginning Work-in-Process Inventory 18.00 Direct Materials Used 18,000 Direct Labor 12,000 Manufacturing Overhead 20,000 Band 50,000 Choose from any list or enter any number in the input fields and then click Check Answer All shnuirin javascript.doExercise (7) Clear All Final Check E Question Help $ 18,500 Councing scule. 2.2J ULUPUS RS W CYU16-1 (similar to) iness School Read the requirements New Brunswic Cost or Goods Manufactured Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs incurred during Period Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured 18,000 12,000 20,000 50,000 68,500 (8.000) 60,500 ary Requirement 3. Using the results from Require ont 2, calculate the cost per unit for goods manufactured assuming 1,100 units were manufactured. Cost of goods manufactured Total units produced = Unit product cost 60,500 1.100 Modules Tools > Requirement 4. Beginning Finished Goods Inventory had 130 units that had a unit cost of $47each, Ending Finished Goods Inventory has 150 units left. Using the results from Requirement 3, calculate cost of goods sold assuming FIFO inventory costing is used. Beginning Finished Goods Inventory 18,500 Cost of Goods Manufactured 60,500 = Cost of Goods Available for Sale 79,000 Choose from any list or enter any number in the input fields and then click Answer . All are shown javascript.doExercise (7) Final Check 20,000 Manufacturing Overhead Total Manufacturing Costs incurred during Period 50,000 Total Manufacturing Costs to Account For 68,500 Ending Work-in-Process Inventory (8,000) 60,500 Cost of Goods Manufactured Requirement 3. Using the results from Requirement 2, calculate the cost per unit for goods manufactured assuming 1.100 units were manufactured Cost of goods manufactured Total units produced - Unit product cost 60,500 1,100 Requirement 4. Beginning Finished Goods Inventory had 130 units that had a unit cost of $47 each. Ending Finished Goods Inventory has 150 units left. Using the results from Requirement 3 calculate cost of goods sold assuming FIFO inventory costing is used. Beginning Finished Goods Inventory 18,500 Cost of Goods Manufactured 160,500 Cost of Goods Available for Sale 79,000 Ending Finished Goods Inventory 8,250 = Cost of Goods Sold 70.750 Choose from any list or enter any number in the input fields and then click Check Answer All narte chwinn javascript.doExercise (7) Clear All Final Check