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using the above information for ross manufacturers inc, answer the following questions Selected account balances of Ross Manufacturers Inc. appear below for 2019: Beginning of
using the above information for ross manufacturers inc, answer the following questions
Selected account balances of Ross Manufacturers Inc. appear below for 2019: Beginning of Year End of Year Finished Goods Inventory $113,750 $100,100 Work In Process Inventory 109,200 96,200 Raw Materials Inventory 77,350 95,550 Advertising Expense 68,250 Sales 864,500 Direct Labor 186,550 Factory Supervisory Salaries 18,000 Income Tax Expense 25,000 Factory Property Taxes 4,095 Headquarters Building Property Taxes 13,650 Raw Material Purchases 123,500 Administrative Expenses 17,000 Factory Utilities 5,850 Sales Returns and Allowances 15,000 Headquarters Building Depreciation 22,750 Expense Factory Depreciation Expense 14,560 Indirect Labor 23,660 Selling Expenses 136,500 Factory Supplies 3,250 Factory Rent 6,825 Miscellaneous Factory Expenses 4,420 Instructions Using the above information for Ross Manufacturers Inc., answer the following questions. 1. What was the amount of raw materials used? 2. What was the total manufacturing cost incurred? 3. What was the cost of goods manufactured? 14. What was the cost of goods soldStep by Step Solution
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