Reference no: EM132472679
Using the information below for Gifford Company as of December 31. -- Answer the questions below
Administrative Salaries 35,000
Depreciation of Factory Equipment 25,000
Depreciation of delivery vehicles 6,000
Direct Labor 68,000
Factory Supplies used 9,000
Finished goods inventory, January 1 57,000
Finished goods inventory, Dec 31 ?
Factory insurance 15,500
Interest expense 12,000
Factory Utilities 14,000
Factory maintenance 7,500
Materials inventory, Jan 1 5,000
Materials inventory, Dec 31 4,000
Raw Materials Purchase 125,000
Rent on factory building 25,000
Repairs of factory equipment 11,500
Sales Commission 37,500
Work in Process, Jan 1 3,500
Work in Process, Dec 31 2,700
Question 1: How much is the DM used?
Question 2: What is the total for Overhead?
Question 3: What is the Total Manufacturing Cost? (TMC)
Question 4: What is the Cost of Goods Manufactured?
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