Reference no: EM132722276

The cost data of BIG HIT INC. for the month of April 2011 shows the following:

Payroll of Factory employees, net of taxes amounting to 5,600, is 33,450.00;

Property taxes of Factory plant 6,000;

Salary of security guard of factory plant 5,000;

Depreciation of Office building 3,500;

Depreciation of store building 4,500;

Depreciation of factory plant 2,800;

Total Materials purchased, (includes indirect materials of 4,000) is 40,000;

Increase in Direct materials inventory 15,000.00 ;

Increase in Indirect Direct materials inventory 0;

Decrease in WIP 8,900;

Increase in Finished goods 12,50O.

Problem 1: What is the Cost of goods sold (COGS)?