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

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?

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

income for 2016.

5. Based on all the answers above, please calculate the net

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 to proper cost group

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

Problem29 You have the following information about the activities of ABC Inc. 2016 2000 Factory manance Indirebut Direct Material purchase Factory Ending Direct material General and Adve Beginning work in process inventory Beginning in the good Erding work in process to Ending finished goods Beging director inventory Sellinen Director Factory Indirect Matera Amortion Factory 27.000 26.000 72200 20.000 63.000 1.000 11.000 67,400 83.000 5,000 7,600 Reinet 1. What was the ending direct material invertory? 2. What was the total manufacturing out 3. What was the continued What was the cast of goods sold? 5. Based on at the swerabow.peccate the net income for 2016 Cost delication Mr. so back began hi pottery manufacturing business seral years ago The following costred during 2016, see the state method to put this 1)As the buses were's $8.000 per month 2) Workshop $700 per month Gay and per Wages of production worker $12/ottery S1 Advertising 500 per month Sales.com 510/putter 7) Rent of production equipment, 5100/month #Amortization of office copier machine 5500 Rentals office 500 per month Phone for taking orders per month 1) terest lost on songs account $1200 per you