ya only 15

Problem 2-9 You have the following information about the activities of ABC Inc. for 2016 Sales Factory maintenance Indirect labour Direct Material purchases Factory utilities Ending Direct materials General and Administrative expense Beginning work-in-process inventory Beginning finished goods inventory Ending work-in-process inventory Ending finished goods inventory Beginning direct material inventory Selling Expenses Direct labour Factory insurance Indirect Materials Amortization-Factory 500,000 24,000 19,000 98,000 17,000 16,000 71,200 26,000 63,000 34,000 44,600 13,000 67,600 83,000 9,000 7,600 30,000 Required: 1. What was the ending direct material inventory? 2. What was the total manufacturing cost? 3. What was the cost of goods manufactured? 4. What was the cost of goods sold? 5. Based on all the answers above, please calculate the net income for 2016. Cost Indentification Mr. John Black began his pottery manufacturing business serveral years ago. The following costs occurred during 2016, please use the cost classification method to put them in top 1) As the business owner, John's saary $5000 per month 2) Workshop Building rent, $2800 per month 3) Clay and glaze $2 per pottery 4)Wages of production worker, $12/pottery 5) Advertising, $800 per month 6) Sales commission, $10/pottery 7) Rent of production equipment, $300 /month 8) Amortization of office copier machine $500 9) Rent of sales office $500 per month 10) Phone for taking orders $40 per month 11) Interest lost on savings account, $1200 per year