Reference no: EM132735289
The following data is provided MCGA Ltd:
Direct Labour $30,100
Purchase of raw materials $52,890
Factory Management monthly salary $ 12,900
Repair for factory (50%) and office (50%) $ 5,160
Advertising expense $38,700
Factory Insurance $387
Sales person, salaries $ 21,500
Rent for factory machinery $ 9,890
Factory supplies $ 1,978
Depreciation, office equipment $ 1,505
Depreciation, factory equipment $ 9,030
Beg, Raw Materials $ 3,440
Ending, Raw Materials $ 7,095
Beg, Work-in-Process $ 4,300
Ending, Work-in-Process $ 2,215
Beg, Finished Goods $ 9,998
Ending, Finished Goods $ 16,383
Sales Revenue $1,075,000
Problem 1: Calculate the Cost of Goods Manufactured