Reference no: EM131569660

Question: Various cost and sales data for Meriwell Company for the just completed year appear in the work-sheet below:

1. Finished goods inventory,beginning $20,000

2. Finished goods inventory,ending $40,000

3.Administrative expenses $110,000

4.Manufacturing overhead $105,000

5.Purchased of raw materials $125,000

6.Raw materials inventory,beginning $9,000

7. Raw materials inventory,ending $6,000

8.Direct labor $70,000

9.Work in process inventory,beginning $17,000

10. Work in process inventory,ending $30,000

11.Sales $500,000

12.Selling expenses $80,000

Of the $105,000 of manufacturing overhead, $15,000 is variable and $90,000 is fixed.