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Sticks and Wools Inc. manufactures several wood and string instruments. In particular, it is well-known for its production of classic violins. Assume that Sticks and

Sticks and Wools Inc. manufactures several wood and string instruments. In particular, it is well-known for its production of classic violins. Assume that Sticks and Wools uses a periodic inventory system and a physical count of inventory takes place at year end. The company accumulated the following costs and account balances for the year ended December 31, 2019 with respect to direct materials:

Balance of materials on January 1, 2019 $196,000
Balance of materials on December 31, 2019 $196,000
Materials purchases during 2019 $760,000

In addition, the following table shows Sticks and Wools remaining costs for the year:

Indirect materials $53,000
Direct labor $269,000
Indirect labor $128,000
Utilities, factory $57,000
Utilities, office $30,000
Insurance, factory $13,000
Advertising $28,000

Do not enter dollar signs or commas in the input boxes. a) Calculate the cost of direct materials used in production for the year. Materials used in production: $Answer b) What is the total manufacturing overhead cost for the year? Manufacturing Overhead: $Answer c) Calculate total manufacturing costs. Total Manufacturing Costs: $Answer d) If there is no beginning work in process inventory and ending work in process inventory is $41,000, what is the cost of goods manufactured? Cost of Goods Manufactured: $Answer

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