Reference no: EM132707131
Supervisory Salaries $ 46,000
Utilities Expenses $ 12,500
Amortization (Equipment) $ 13,000
Factory Supplies $ 4,500
Factory Rent $ 15,000
Beginning Work-In-Process Inventory $ 17,500
Ending Work-in-Process Inventory $ 13,500
Beginning Direct Materials Inventory $ 10,000
Ending Direct Materials Inventory $ 16,000
Sales Salaries $ 45,000
Sales Commissions $ 20,000
Direct Materials Purchased $ 28,500
Sales $ 333,000
Beginning Finished Goods Inventory $ 22,750
Ending Finished Goods Inventory $ 30,750
Office Salaries $ 40,000
Office Supplies $ 5,000
Direct labor $ 87,500
Question 1: Calculate the prime cost:
Question 2: Calculate the manufacturing overhead:
Question 3: Calculate the conversion cost:
Question 4: Calculate the cost of goods manufactured:
Question 5: Calculate the cost of goods sold:
Question 6: Calculate the operating income:
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