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The following cost and inventory data are obtained from the accounting records Mason Company of the Year Just Done Sales ..................................................................... .. 555,000 dollars Incurred

The following cost and inventory data are obtained from the accounting records

Mason Company of the Year Just Done

Sales ..................................................................... .. 555,000 dollars

Incurred costs:

Direct labor cost... $66,000

Purchases of raw materials ... 118 thousand dollars

Manufacturing costs ... $70,000

Advertising expenses ................................ 90 thousand dollars

Sales salaries ... $55,000

Depreciation and office equipment ...... 3000 dollars

Date: ............................ 1/1/2020 to 31/12/2020

Stocks:

Raw materials.....................................................................................................................................................................................................................................

In progress...15,000 dollars....12,000 dollars

Finished merchandise.....$21,000...$35,000

An account and then a report with an excel file attached to clarify the calculations

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