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Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow: Raw materials used ............................................. $300,000 Total manufacturing costs charged to production
Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow: Raw materials used ............................................. $300,000 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) .................. 681,000 Cost of goods available for sale.................................... 826,000 Selling and general expenses...................................... 30,000 Inventories Beginning Ending Raw materials............. $70,000 $ 80,000 Work-in-process........... 85,000 30,000 Finished goods............ 90,000 110,000 Required Determine each of the following: Cost of raw materials purchased Direct labor costs charged to production Cost of goods manufactured Cost of goods sold
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