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Weatherguard manufactures mailboxes (10 points). The following data represent transactions and balances for December; the companys first month of operations. Cost Amount Beginning Raw materials

  1. Weatherguard manufactures mailboxes (10 points). The following data represent transactions and balances for December; the companys first month of operations.

Cost

Amount

Beginning Raw materials

$50,000

Purchased direct materials on account

$248,000

Ending Raw Materials

$35,000

Beginning Work-in-process

$60,000

Ending Work-in-process

$50,000

Beginning Finished Goods

$2,000

Ending Finished Goods

$10,000

Salaries Expense Factory Supervision

$200,000

Direct Labor

$300,000

Salaries Expense Office

$500,235

Utilities Expense Factory

$40,000

Depreciation Expense Office

$80,000

Depreciation Expense Factory

$100,000

Question 2

Answer

  1. What is the amount of direct materials used?

  1. What is the amount of costs added to production during the month?

  1. What is the amount is debited to finished goods?

  1. What is the amount of the Cost of Goods Sold?

  1. What is the amount of the Selling and Admin Expenses?

Thanks! :)

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