The following information is available for Lagakos Corporation for 2018: January 1 $50,100 December 31 $35,900 Inventories Materials Work in Process 72,400 90,600 Finished Goods 114,600 113,000 Advertising Expense $453,000 Depreciation Expense-Office Equip. 34,000 Depreciation Expense-Factory Equip. 90,500 Direct Labor 1,245,700 Heat, Light, and Power-Factory 60,400 Indirect Labor 130,200 Materials Purchased 630,300 Office Salaries Expense 360,100 Property Taxes-Factory 45,300 Property Taxes-Office Building Rent Expense-Factory 28,300 30,600 Sales 4,360,000 Sales Salaries Expense 226,500 Supplies-Factory Miscellaneous Costs-Factory 10,800 12,900 Instructions 1. Prepare a Statement of the Cost of Goods Manufactured.
The following information is available for Lagakos Corporation for 2018: January 1 $50,100 December 31 $35,900 Inventories Materials Work in Process 72,400 90,600 Finished Goods 114,600 113,000 Advertising Expense $453,000 Depreciation Expense-Office Equip. 34,000 Depreciation Expense-Factory Equip. 90,500 Direct Labor 1,245,700 Heat, Light, and Power-Factory 60,400 Indirect Labor 130,200 Materials Purchased 630,300 Office Salaries Expense 360,100 Property Taxes-Factory 45,300 Property Taxes-Office Building Rent Expense-Factory 28,300 30,600 Sales 4,360,000 Sales Salaries Expense 226,500 Supplies-Factory Miscellaneous Costs-Factory 10,800 12,900 Instructions 1. Prepare a Statement of the Cost of Goods Manufactured.
Financial & Managerial Accounting
14th Edition
ISBN:9781337119207
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter18: Activity-Based Costing
Section: Chapter Questions
Problem 18.18EX: Construct and interpret a product profitability report, allocating selling and administrative...
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