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You have the following information about the activities of Martin Inc. for 2014: Sales $ 1,620,000 Factory maintenance 67,500 Indirect labour 33,500 Direct material purchases
You have the following information about the activities of Martin Inc. for 2014: |
Sales | $ | 1,620,000 |
Factory maintenance | 67,500 | |
Indirect labour | 33,500 | |
Direct material purchases | 210,000 | |
Factory utilities | 50,000 | |
Direct materials used in production | 201,000 | |
General and administrative expenses | 102,400 | |
Beginning work-in-process inventory | 28,400 | |
Beginning finished goods inventory | 63,700 | |
Ending work-in-process inventory | 32,900 | |
Beginning direct materials inventory | 17,500 | |
Selling expenses | 98,200 | |
Direct labour | 287,000 | |
Factory insurance | 46,500 | |
Indirect materials | 40,600 | |
Depreciation,factory | 60,000 | |
Cost of goods sold | 715,000 | |
Required: |
1. | What was the amount of the ending direct materials inventory? |
2. | What was the amount of the total manufacturing costs? |
3. | What was the cost of goods manufactured in 2014? |
4. | What was the amount of the ending finished goods inventory? |
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