Reference no: EM132542848

Helmer Sporting Goods Company manufactured 100,000 units in 2015 and reported the following costs:(SHOW WORKING)

Sandpaper ?$32,000?                                            Leasing costs-plant? $384,000

Materials handling? 320,000?                                    Amortization-equipment ?224,000

Coolants & lubricants?22,400                                   ?Property taxes-equipment?32,000

Indirect manufacturing labour?275,200?                       Fire insurance-equipment?16,000

Direct manufacturing labour?2,176,000                       ?Direct material purchases?3,136,000

Direct materials, 1/1/15?384,000?                               Direct materials, 12/31/15?275,200

Finished goods, 1/1/15?672,000?                                Sales revenue?12,800,000

Finished goods, 12/31/15?1,280,000?                          Sales commissions?640,000

Work-in-process, 1/1/15?96,000?                               Sales salaries?576,000

Work-in-process, 12/31/15?64,000?                           Advertising costs?480,000

?Administration costs?800,000

Required:

Question 1: ?What is the cost of direct materials used during 2015?

Question 2: What manufacturing costs were added to WIP during 2015?

Question 3: ?What is cost of goods manufactured for 2015?

Question 3: What is cost of goods sold for 2015?