WRD 27e_PR 18-4B - Saved " Search AutoSave ( Off Formulas Data Review View Help File Home Insert Draw Page Layout 20 A Cut ap Wrap Text Arial - 10 A A Conditional Format as Cell [B Copy BIU EMA Merge & Center Formatting ~ Table - Styles v Paste Format Painter Styles Alignment Number Clipboard Font G31 X F G K M N O P 4 A B C D E 11 An asterisk (") will appear to the right of an incorrect entry 12 13 14 1 On Off 15 Company Company 16 Materials inventory, December 1 $ 65,800 $ 195,300 17 Materials inventory, December 31 (a) 30,800 91,140 18 Materials purchased 282,800 (a) 581,560 19 Cost of direct materials used in production 317,800 685,720 20 Direct labor 387,800 577,220 21 Factory overhead 148,400 256,060 Total manufacturing costs incurred in December (b) 854,000 1,519,000 Total manufacturing costs 973,000 1,727,320 Work in process inventory, December 1 119,000 208,320 Work in process inventory, December 31 172,200 (c) 195,300 Cost of goods manufactured (c) 800 800 1,532,020 Finished goods inventory, December 224,000 269,080 28 Finished goods inventory, December 31 197 400 (d) 29 Sales 1 944 320 30 .127.000 31 Cost of goods sold (d) 1,545,040 32 Gross profit e)I (e) Operating expenses 17,600 Net income (f) 164.920 36 : 89 ON COMPANY Statement of Cost of Goods Manufactured For the Month Ended December 31 40 Work in process inventory, December 1 Dirart materials $ 119 000 Pr. 18-4B esc ? * @ 4+ 2 # 144 % 4 5 6 & O tab Q W E R T U O