DonCorporation_costofgoodsmanufacturedschedule
DonCorporation_costofgoodsmanufacturedschedule
DonCorporationincurredthe followingcostswhilemanufacturingitsproduct.
Materialsused inproduct | 130,000 | Advertisingexpense | 49,000 | |
Depreciationonplant | 65,000 | Propertytaxesonplant | 16,000 | |
Propertytaxeson administrativebuilding | 7,700 | Deliveryexpense | 20,000 | |
Laborcosts ofassembly-lineworkers | 112,000 | Salescommissions | 31,000 | |
Factorysuppliesused | 24,000 | Salariespaidtosalesclerks | 58,000 |
Work-in-processinventorywas$23,000 atJanuary1 and$15,800 atDecember31.Finishedgoods inventorywas$67,000 atJanuary1 and$52,600 atDecember31.
Instructions
Prepareacostofgoodsmanufacturedscheduleanddeterminetheamountofcostofgoodssold.
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