Reference no: EM132993159
Problem - Rucker Company, a manufacturing firm, has supplied the following information from its accounting records for the month of April.
Direct labor cost $4,000
Purchases of raw materials 35,000
Factory insurance 5,000
Research and development 7,500
Factory property taxes 8,000
Sales commissions paid 4,500
Work in process, April 1 9,000
Work in process, April 30 7,200
Materials inventory, April 1 5,500
Materials inventory, April 30 2,200
Finished goods inventory, April 1 3,250
Finished goods inventory, April 30 6,750
Required -
1. What was the cost of direct materials used in April?
2. What was the total manufacturing cost in April?
3. What was the cost of goods manufactured in April?
4. What was the cost of goods sold in April?