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You have the following information about the activities of Martin Inc. for 2014: Sales $ 1,560,000 Factory maintenance 66,000 Indirect labour 32,000 Direct material purchases
You have the following information about the activities of Martin Inc. for 2014: |
Sales | $ | 1,560,000 |
Factory maintenance | 66,000 | |
Indirect labour | 32,000 | |
Direct material purchases | 204,000 | |
Factory utilities | 47,000 | |
Direct materials used in production | 198,000 | |
General and administrative expenses | 101,800 | |
Beginning work-in-process inventory | 27,200 | |
Beginning finished goods inventory | 63,000 | |
Ending work-in-process inventory | 28,900 | |
Beginning direct materials inventory | 16,000 | |
Selling expenses | 97,900 | |
Direct labour | 285,000 | |
Factory insurance | 45,600 | |
Indirect materials | 39,100 | |
Depreciation,factory | 55,000 | |
Cost of goods sold | 709,000 | |
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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