Determine the direct labor cost for january

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Reference no: EM13259346

The following information is available for Castle Company for the month of January 2010.

Sales	$80,000
Cost of goods manufactured	$25,000
Factory supplies used	$800
Raw materials purchased	$25,000
Commissions paid	$3,000
Materials handling cost	$2,250
Advertising	$650
Direct materials issued to production	$20,000
Cost of good sold	$35,000
Salaries, factory supervision	$2,500
Salaries, corporate executives	$3,750
Property tax - factory	$350
Raw materials inventory, 1/1/2010	$3,500
Work-in-process inventory, 12/31/2009	$12,500
Work-in-process inventory, 1/31/2010	$25,250
Finished goods inventory, 1/31/2010	$9,500

Materials handling cost is the cost of moving materials fromthe warehouse to the factory floor.

1. Determine the cost of raw materials inventory on January 31, 2010.
2. Determine the direct labor cost for January 2010.
3. Determine the cost of finished goods inventory on January 1, 2010.
4. Determine the profit earned forthe month of January 2010

Reference no: EM13259346

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