Beginning of Year End End of Year of Year Raw materials inventory .. $ 11,500 $ 13,400 $ 3,700 $ 77,000 $23,000 $25,000 Insurance on plant. Depreciation-plant building and equipment.. Work in process inventory. Finished goods inventory. Purchases of direct materials... $35,000 $31,000 $20,000 $22,000 Repairs and maintenance-plant. $74,000 Marketing expenses.. Direct labor $86,000 General and administrative expenses $ 28,500 Indirect labor $42,000

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...
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Compute the Cost of Goods Manufactured and Cost of Goods Sold for West Nautical Company for the most recent year using the amounts described in the picture. Assume that the Raw Materials Inventory contains only direct materials.

 

End
Beginning
of Year
End
of Year
of Year
Raw materials inventory
$ 11,500
$ 13,400
$ 3,700
$ 77,000
$23,000
$25,000
Insurance on plant...
Work in process inventory...
$35,000
$31,000
Depreciation-plant building and equipment.
Finished goods inventory...
$20,000
$22,000
Repairs and maintenance-plant
Purchases of direct materials ...
$74,000
Marketing expenses
Direct labor
$86,000
General and administrative expenses
$ 28,500
Indirect labor..
$42,000
Transcribed Image Text:End Beginning of Year End of Year of Year Raw materials inventory $ 11,500 $ 13,400 $ 3,700 $ 77,000 $23,000 $25,000 Insurance on plant... Work in process inventory... $35,000 $31,000 Depreciation-plant building and equipment. Finished goods inventory... $20,000 $22,000 Repairs and maintenance-plant Purchases of direct materials ... $74,000 Marketing expenses Direct labor $86,000 General and administrative expenses $ 28,500 Indirect labor.. $42,000
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ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub