Compute cost of goods manufactured

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Reference no: EM131810437

Problem

In managerial accounting, how do I compute cost of goods manufactured?

Materials used in product

$130,000

Advertising expense

$47,190

Depreciation on plant

70,550

Property taxes on plant

17,040

Property taxes on store

7,840

Delivery expense

25,760

Labor costs of assembly-line workers

114,410

Sales commissions

44,670

Factory supplies used

27,070

Salaries paid to sales clerks

51,750

Work in process inventory was $14,600 at January 1 and $17,270 at December 31. Finished goods inventory was $65,300 at January 1 and $47,580 at December 31.

Reference no: EM131810437

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