s2-12 s2-13 s2-14

Compute Cost of Goods Sold for a merchandiser (Learning Objective 5) Given the following information for a retailer, compute the cost of goods sold. S2-12 $ 5,900 $ 7,700 $67,000 3,700 Ending inventory Revenues reight-in. Import duties... 1,300 Marketing expenses.. 12,000 Delivery expenses.. s 1,500 Purchases. $40,000 Beginning inventory s 3,800 S2-13 Calculate direct materials used (Learning Objective 5) You are a new accounting intern at Mason Bikes. Your boss gives you the following infor- mation and asks you to compute the cost of direct materials used (assume that the com- pany's raw materials inventory contains only direct materials). Import duties Beginning raw materials inventory 1,300 .. 4,700 Ending raw materials inventory Freight-in reight-out.. Purchases of direct materials.. $ 400 600 $16,000 S2-14 Compute Cost of Goods Manufactured (Learning Objective 5) Robinson Manufacturing found the following information in its accounting records: $519,800 of direct materials used, $223,500 of direct labor, and $775,115 of manufacturing overhead. The Work in Process Inventory account had a beginning balance of $72,400 and an ending balance of $87,600. Compute the company's Cost of Goods Manufactured