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Watton Manufacturing Company began operations on Jan uary'l. During the year, it started and completed 1,730 units of product. The financial statements are prepared in
Watton Manufacturing Company began operations on Jan uary'l. During the year, it started and completed 1,730 units of product. The financial statements are prepared in accordance with GAAP. The company incurred the following costs: 1. Raw materials purchased and used$3,170. 2. Wages of production workers$3,560. 3. Salaries of administrative and sales personnel$1,940. 4. Depreciation on manufacturing equipment$4,861. 5. Depreciation on administrative equipment$1,750. Watton sold 1,190 units of product. Required in. Determine the total product cost for the year. In. Determine the total cost of the ending inventory. {Do not round intermediate calculations.} c. Determine the total of cost of goods sold. {Do not round intermediate calculations.} Total product cost b. Total cost oi ending inventory :1. Total cost oi goods sold
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