Question
Supervisory Salaries$46,000 Utilities Expenses$12,500 Amortization (Equipment)$13,000 Factory Supplies$4,500 Factory Rent$15,000 Beginning Work-In-Process Inventory$17,500 Ending Work-in-Process Inventory$13,500 Beginning Direct Materials Inventory$10,000 Ending Direct Materials Inventory$16,000 Sales
Supervisory Salaries$46,000
Utilities Expenses$12,500
Amortization (Equipment)$13,000
Factory Supplies$4,500
Factory Rent$15,000
Beginning Work-In-Process Inventory$17,500
Ending Work-in-Process Inventory$13,500
Beginning Direct Materials Inventory$10,000
Ending Direct Materials Inventory$16,000
Sales Salaries$45,000
Sales Commissions$20,000
Direct Materials Purchased$28,500
Sales$ 333,000
Beginning Finished Goods Inventory$22,750
Ending Finished Goods Inventory$30,750
Office Salaries$40,000
Office Supplies$ 5,000
Direct labor$87,500
Calculate the prime cost:
Calculate the manufacturing overhead:
Calculate the conversion cost:
Calculate the cost of goods manufactured:
Calculate the cost of goods sold:
Calculate the operating income:
Please show steps for the calculations, thank you.
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