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Selected account balances of Manheim manufacturing Corp., shown here. Determine the following amounts for the year ended on 12/31/2021 1. Cost of materials used 2..
Selected account balances of Manheim manufacturing Corp., shown here. Determine the following amounts for the year ended on 12/31/2021 1. Cost of materials used 2.. Cost of goods manufactured 3. Cost of Goods Sold 4. Net Income Sales Raw material purchases Direct Labor Factory maintenance Indirect Labor Utilities for Factory Depreciation on Factory building Advertising Expense Administrative Expenses Raw materials inventory, 12/31/2020 Work in process inventory, 12/31/2020 Finished goods inventory, 12/31/2020 Raw Materials Inventory, 12/31/2021 Work in process inventory, 12/31/2021 Finished Goods inventory, 12/31/2021 $ 850,000 $ 25,000 $ 150,000 $ 15,000 $ 50,000 $ 8,000 $ 60,000 $ 94,300 $ 130,100 $ 32,000 $ 54,000 $ 35,700 $ 28,000 $ 62,000 $ 64,100
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