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The following costs and inventory data were taken from the accounts of Simon Company for 2022: January 1, 2022 December 31, 2022 Inventories: Raw materials
The following costs and inventory data were taken from the accounts of Simon Company for 2022: January 1, 2022 December 31, 2022 Inventories: Raw materials $ 8,000 $ 7,000 Work in process 15,000 13,000 Finished goods 16,000 12,000 Costs incurred: Raw materials purchases $ 98,000 Direct labor 42,000 Factory rent 8,000 Factory utilities 10,000 Indirect materials 6,000 Indirect labor 9,000 Operating expenses 17,000 Prepare a schedule showing the amount of direct materials used in production during the year. Raw Materials Inventory, Beginning $ 8000 Raw Materials Purchases V 98000 Raw Materials Available for Use 106000 Less v Raw Materials Inventory, Ending V 7000 Direct Materials Used $ 99000 Compute the amount of manufacturing overhead incurred during the Total manufacturing overhead $ 33000 caur UDLU GUIGUIOLLUTEUTUI JITURI Company Tor the year ended December 31, 2022 in good form. Work in Processing Beginning Direct Materials Used Raw Materials Inventory, Beginning V $ $ $ $ Drenare the Cnet of Conte Cold cortion of the Income Statement for Simon Comnany for the vear ended December 31, 2022 in SIMON COMPANY (Partial) Income Statement $ $
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