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Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow: Raw materials used$600,000 Total manufacturing costs charged to production during the

Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:

Raw materials used$600,000

Total manufacturing costs charged to production during the year

(includes raw materials, direct labor, and manufacturing overhead applied at a rate of 60 percent of direct labor costs) 1,362,000

Cost of goods available for sale1,507,000

Selling and general expenses 60,000

Inventories Beginning Ending

Raw materials $70,000 $80,000

Work-in-process 85,000 30,000

Finished goods 90,000 110,000

Determine each of the following:

(a) Cost of raw materials purchased

$Answer

(b) Direct labor costs charged to production

$Answer

(c) Cost of goods manufactured

$Answer

(d) Cost of goods sold

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