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The Foxboro Manufacturing Company provided you with the following information for the fiscal year end December 31 Work-in-process inventory, 12/31 $ 57,900 Finished goods inventory,
The Foxboro Manufacturing Company provided you with the following information for the fiscal year end December 31 | ||||
Work-in-process inventory, 12/31 | $ 57,900 | |||
Finished goods inventory, 1/1 | 307,400 | |||
Direct labor costs incurred | 1,004,300 | |||
Manufacturing overhead costs | 2,693,400 | |||
Direct materials inventory, 1/1 | 250,800 | |||
Finished goods inventory, 12/31 | 511,000 | |||
Direct materials purchased | 1,750,200 | |||
Work-in-process inventory, 1/1 | 101,000 | |||
Direct materials inventory, 12/31 | 169,400 | |||
A) Compute the total manufacturing costs incurred during the year. | ||||
B) Compute the total work-in-process during the year. | ||||
C) Compute cost of goods manufactured during the year. | ||||
D) Compute the cost of goods sold during the year. |
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