Reference no: EM133205316
Assignment - Road Warrior Corporation Accounting Case Questions
Road Warrior Corporation began operations. During year company started an completed 50 motor homes at a cost of 60,000 per unit. Of these, 48 were sold for 100,000 each and two remain in finished goods inventory. In addition, the company had 6 partially completed units in its factory at year-end. Total cost per year were as follows.
Direct Materials used $760,000
Direct Labor $862,000
Income tax expense $100,000
General and Administrative expenses $500,000
Manufacturing overhead: $1,510,000
Selling Expenses: $500,000
Required - Compute the following:
1. Total Manufacturing cost
2. Cost of finished goods manufactured
3. Cost of Goods Sold
4. Gross profit on sales
5. Ending Inventory of Work In Progress
6. Ending Inventory of Finished Goods
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