DonCorporation_costofgoodsmanufacturedschedule

Question # 00001942 Posted By: ACCOUNTS_GURU Updated on: 10/05/2013 05:36 AM Due on: 12/31/2013
Subject Accounting Topic Accounting Tutorials:
Question
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. DonCorporationincurredthe followingcostswhilemanufacturingitsproduct.

Materialsused inproduct

130,000

Advertisingexpense

49,000

Depreciationonplant

65,000

Propertytaxesonplant

16,000

Propertytaxeson administrativebuilding

7,700

Deliveryexpense

20,000

Laborcosts ofassembly-lineworkers

112,000

Salescommissions

31,000

Factorysuppliesused

24,000

Salariespaidtosalesclerks

58,000

Work-in-processinventorywas$23,000 atJanuary1 and$15,800 at December31.Finishedgoods inventorywas$67,000 atJanuary1 and$52,600 atDecember31.

Instructions

Prepareacostofgoodsmanufacturedscheduleanddeterminetheamountofcostofgoodssold.

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  1. Tutorial # 00001777 Posted By: ACCOUNTS_GURU Posted on: 10/05/2013 05:39 AM
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