Pina Colada Corp. incurred the following costs while manufacturing its product. Materials used in product $53,400 $126,100 Advertising expense 70,700 Property taxes on plant Depreciation on plant 16,500 Property taxes on store 8,060 Delivery expense 22.000 Labor costs of assembly-line workers 111,900 Sales commissions 44,200 Factory supplies used 24.000 Salaries paid to sales clerks 51,100 Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at December 31. Part 1 Your answer is incorrect. Compute cost of goods manufactured.
Pina Colada Corp. incurred the following costs while manufacturing its product. Materials used in product $53,400 $126,100 Advertising expense 70,700 Property taxes on plant Depreciation on plant 16,500 Property taxes on store 8,060 Delivery expense 22.000 Labor costs of assembly-line workers 111,900 Sales commissions 44,200 Factory supplies used 24.000 Salaries paid to sales clerks 51,100 Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at December 31. Part 1 Your answer is incorrect. Compute cost of goods manufactured.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 15E: Kenkel, Ltd. uses backflush costing to account for its manufacturing costs. The trigger points are...
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