Question
What are the total manufacturing costs for the month based on the following information: Raw Materials Inventory, September 1: $187,800 Work in Process Inventory, September
What are the total manufacturing costs for the month based on the following information:
Raw Materials Inventory, September 1: $187,800
Work in Process Inventory, September 1: $299,000
Finished goods Inventory, September 1: $106,350
Heat and Electricity for sales office: $535,200
Raw materials purchases: $337,700
Heat and electricity for factory: $62,000
Direct labor: $199,000
Depreciation on factory machinery: $218,900
Insurance on factory building: $52,700
Indirect materials used in production: $43,600
Total raw materials used in production: $407,800
Indirect labor: $158,000
Cost of goods manufactured: $1,234,000
Cost of Goods Sold: $1,312,300
Salaries for office employees: $200,000
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