Reference no: EM132346182

Question

1. Bravo Manufacturing Company began operations on January 1, 2016. Depreciation for the year amounted to $200,000: 35% relates to sales, 25% relates to administrative facilities, and 40% to the factory. Of the total units produced during FY 2016: 75% were sold in 2016 & 25% were in the finished good inventory. Use this information to determine the dollar amount of the total depreciation that will be in the: (Round dollar values & enter as whole dollars only.

1 FY 2016 product costs

2 FY 2016 period costs

3 FY 2016 cost of goods sold

4 FY 2016 Balance sheet

2. Bravo Company's January 1, 2016 finished goods inventory was $100,000. The January 1, 2017 finished goods inventory is $80,000. Cost of goods manufactured for the FY 2016 was $260,000. Use this information to determine the dollar amount of the FY 2016 cost of goods sold. (Round dollar values & enter as whole dollars only.)