Question
Santiago Manufacturing Company began operations on January 1. During the year, it started and completed 1,630 units of product. The company incurred the following costs.
Santiago Manufacturing Company began operations on January 1. During the year, it started and completed 1,630 units of product. The company incurred the following costs. 1. Raw materials purchased and used$3,200. 2. Wages of production workers$3,470. 3. Salaries of administrative and sales personnel$1,955. 4. Depreciation on manufacturing equipment$4,740. 5. Depreciation on administrative equipment$1,780. Santiago sold 1,200 units of product.
Determine the total cost of the ending inventory?
Determine the total of cost of goods sold
Can you explain how to get each please?
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