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The following information is from Marchant Manufacturing Co. for September: Direct materials used in production $190,000 Direct labour $134,000 Total manufacturing cost $468,000 Raw
The following information is from Marchant Manufacturing Co. for September: Direct materials used in production $190,000 Direct labour $134,000 Total manufacturing cost $468,000 Raw materials inventory, Sept. 1 $48,000 Work-in-process inventory, Sept. 1 $12,000 Finished goods inventory, Sept. 1 Purchases of raw materials $202,000 $204,000 Cost of goods manufactured Administrative expense Selling expense Sales Gross margin Net income $466,000 $94,000 $112,000 $688,000 $254,000 $60,000 Other operating Expenses ? Required: (a.) Compute the cost of goods sold. (b.) Compute the balance in finished goods inventory at September 30. (c.) Compute the balance in work-in-process inventory at September 30. (d.) Compute the balance in raw materials inventory at September 30. (e.) Compute the total manufacturing overhead. (f.) Other operating Expenses I
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