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.