Wildhorse Corporation incurred the following costs while manufacturing its product. Materials used in product $127,700 Advertising expense $48,000 Depreciation on plant 63,100 Property taxes on plant 15,000 Property taxes on store 7,740 Delivery expense 25,000 Labor costs of assembly-line workers 116,700 Sales commissions 36,000 Factory supplies used 29,600 Salaries paid to sales clerks 58,100 Work in process inventory was $14,700 at January 1 and $17,400 at December 31. Finished goods inventory was $63,200 at January 1 and $45,900 at December 31. (a) Compute cost of goods manufactured. Cost of goods manufactured $
Wildhorse Corporation incurred the following costs while manufacturing its product. Materials used in product $127,700 Advertising expense $48,000 Depreciation on plant 63,100 Property taxes on plant 15,000 Property taxes on store 7,740 Delivery expense 25,000 Labor costs of assembly-line workers 116,700 Sales commissions 36,000 Factory supplies used 29,600 Salaries paid to sales clerks 58,100 Work in process inventory was $14,700 at January 1 and $17,400 at December 31. Finished goods inventory was $63,200 at January 1 and $45,900 at December 31. (a) Compute cost of goods manufactured. Cost of goods manufactured $
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 15E: Kenkel, Ltd. uses backflush costing to account for its manufacturing costs. The trigger points are...
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![Wildhorse Corporation incurred the following costs while manufacturing its product.
Materials used in product
$127,700
Advertising expense
$48,000
Depreciation on plant
63,100
Property taxes on plant
15,000
Property taxes on store
7,740
Delivery expense
25,000
Labor costs of assembly-line workers
116,700
Sales commissions
36,000
Factory supplies used
29,600
Salaries paid to sales clerks
58,100
Work in process inventory was $14,700 at January 1 and $17,400 at December 31. Finished goods inventory was $63,200 at January
1 and $45,900 at December 31.
(a)
Compute cost of goods manufactured.
Cost of goods manufactured
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb2f5dc51-82b3-403d-8ab5-4fe3469dbe50%2Fbe419961-e311-415b-8691-6955053a0a93%2Fpyu5rim_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Wildhorse Corporation incurred the following costs while manufacturing its product.
Materials used in product
$127,700
Advertising expense
$48,000
Depreciation on plant
63,100
Property taxes on plant
15,000
Property taxes on store
7,740
Delivery expense
25,000
Labor costs of assembly-line workers
116,700
Sales commissions
36,000
Factory supplies used
29,600
Salaries paid to sales clerks
58,100
Work in process inventory was $14,700 at January 1 and $17,400 at December 31. Finished goods inventory was $63,200 at January
1 and $45,900 at December 31.
(a)
Compute cost of goods manufactured.
Cost of goods manufactured
$
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