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Parrish's Manufacturing had the following data for the period-(Answered)

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Question

Parrish's Manufacturing had the following data for the period just ended:


work in process, jan 1 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$ 21,000

Work in process, Dec 3 ???????????????????????????????? ???40,000

Finished goods, Jan 1 ???????????????????????????????????? ??70,000

Finished goods, Dec 31 ????????????????????????????????? ??61,000
Direct Materials used ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?126,000

Direct labor ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 260,000

Factory Depreciation ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 80,000

Sales ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 945,000

Advertising expense??????????????????????????????????????? ? 52,000

Factory utilities ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 27,000

Indirect Materils ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 19,000

Indirect Labor ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 35,000


Required:


A. Calculate Parrish's cost of goods manufactured.

B. Calculate Parrish's cost of goods sold.

 

Paper#9209017 | Written in 27-Jul-2016

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