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Sheridan Company incurred the following costs while manufacturing its product. Materials used in product $126,000 Advertising expense $48,300 Depreciation on plant 65,900 Property taxes
Sheridan Company incurred the following costs while manufacturing its product. Materials used in product $126,000 Advertising expense $48,300 Depreciation on plant 65,900 Property taxes on plant 23,500 Property taxes on store 8,030 Delivery expense 30,200 Labor costs of assembly-line workers 115,200 Sales commissions 37.200 Factory supplies used 32.200 Salaries paid to sales clerks - 55,400 Work in process inventory was $14,400 at January 1 and $17,400 at December 31. Finished goods inventory was $64,000 at January 1 and $45,900 at December 31. Your answer is correct. Compute cost of goods manufactured. Cost of goods manufactured $ 359800
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