south bay inc

Section I-Problems 1. The following information of South Bay Inc, $360,000 78,000 12,000 1,000 Sales Factory Supervisor Salary Depreciation of equipment Indirect Materials Factory Utility Expenses Materials Purchased Cost of finished goods manufactured Total manufacturing costs Materials inventory, end of period Gross Profit 2,000 111,000 180,000 207.000 210,000 Using the above information, determine the following: a. Direct Material Costs (5 points) b. Direct Labor Costs (5 points) c. Work in Process (WIP) End inventory (5 points) d Cost of Goods Sold (5 points) Nota: Assume there is neither a beginning WIP, nor a beginning finished goods inventory