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The following data refer to Superior Metals Corporation for the year 20x4 Raw-material inventory Purchases of raw material in Raw-material inventory $ 89,000 732,000 59,000
The following data refer to Superior Metals Corporation for the year 20x4 Raw-material inventory Purchases of raw material in Raw-material inventory $ 89,000 732,000 59,000 474,000 268,000 150,000 90,000 125,000 23,000 45,000 60,000 41,000 71,000 0 42,000 34,000 40,000 577,500 2,105,000 12/31/x3 20x4 12/31/x4 Direct-labor cost incurred Selling and administrative expenses Indirect labor cost incurred Property taxes on factory Depreciation on factory building Income tax expense Indirect material used Depreciation on factory equipment Insurance on factory and equipment Utilities for factory Work-in-process inventory 12/31/x3 12/31/x4 12/31/x3 12/31/x4 overhead Work-in-process inventory Finished-goods inventory, Finished-goods inventory, Applied manufacturing Sales revenue Required: 1. How much of the manufacturing costs incurred during 20x4 remained associated with work-in-process inventory on December 31, 20x4? Manufacturing costs
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