The following calendar-year information is taken from the December 31, 2015, adjusted trial balance and other records of Dahlia Company.

Required
1. Each team member is to be responsible for computing one of the following amounts. You are not to duplicate your teammates' work. Get any necessary amounts from teammates. Each member is to explain the computation to the team in preparation for reporting to class.
a. Materials used.
b. Factory overhead.
c. Total manufacturing costs.
d. Total cost of work in process.
e. Cost of goods manufactured.
2. Each team member is to be responsible for computing one of the following amounts. You are not to duplicate your teammates' work. Get any necessary amounts from teammates. Each member is to explain the computation to the team in preparation for reporting to class.
a. Net sales.
b. Cost of goods sold.
c. Gross profit.
d. Total operating expenses.
e. Net income or loss before taxes.

Transcribed Image Text:

$650,750 10,000 Miscellaneous production costs 32,500 Office salaries expense 122,500 Raw materials purchases 15,750 Rent expense Office space 36,250 Rent expense Selling space equipment building Raw materials, December 31, 2014 Raw materials, December 31, 2015 in process, December 31, 2014 in process, December 31, 2015 Finished goods, December 31, 2014 Finished goods, December 31, 2015