Reference no: EM132562637
Leslie Manufacturing reported the following:
Revenue $850,000
Beginning inventory of direct materials, January 1, 2015 20,000
Purchases of direct materials 286,000
Ending inventory of direct materials, December 31, 2015 18,000
Direct manufacturing labor 21,000
Indirect manufacturing costs 42,000
Beginning inventory of finished goods, January 1, 2015 60,000
Cost of goods manufactured 314,000
Ending inventory of finished goods, December 31, 2015 45,000
Operating costs 150,000
Question a) What is Leslie's Direct Materials Used?
Question b) What is Leslie's Manufacturing Costs Incurred?
Question c) What is Leslie's Cost of Goods Sold?
Question d) What is Leslie's Operating Income?
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