Determine the total product cost for the year

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Reference no: EM133382602

Questions: Munoz Manufacturing Company began operations on January 1. During the year, it started and completed 1,790 units of product. The financial statements are prepared in accordance with GAAP. The company incurred the following costs: Raw materials purchased and used-$3,210. Wages of production workers-$3,560. Salaries of administrative and sales personnel-$1,965 Depreciation on manufacturing equipment-$6,476. Depreciation on administrative equipment-$1,800. wpwve Munoz sold 1,080 units of product.

Required

a. Determine the total product cost for the year.

b. Determine the total cost of the ending inventory.

c. Determine the total of cost of goods sold.

Reference no: EM133382602

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