Reference no: EM132634237

Inventory activities           1/1/2005               12/31/2005

Raw materials                  $ 15,800                     18,200

Work-in-process                 35,700                         62,100

Finished goods                      111,100                       97,900

The January 1 and December 31 finished goods inventory consisted of 1,350 units and 1,190 units, respectively.

Required:

Question 1- Calculate Pine Tree's manufacturing overhead for the year.

Question 2- Calculate Pine Tree's cost of goods manufactured.

Question 3- Compute the company's cost of goods sold .

Question 4- Determine net income for 2005, assuming a 30% income tax rate.

Question 5- Determine the number of completed units manufactured during the year.