$4.99 Pena Corporation incurred the following costs while manufacturing its product.Found in General-Questions: General-Academic-Questions
Chapter 1, # 0
Pena Corporation incurred the following costs while manufacturing its product.
Materials used in product $101,000 Advertising expense $52,000
Depreciation on plant 69,000 Property taxes on plant 25,000
Property taxes on store 8,500 Delivery expense 28,000
Labor costs of assembly-line workers 116,000 Sales commissions 42,000
Factory supplies used 27,000 Salaries paid to sales clerks 51,000
Work-in-process inventory was $14,000 at January 1 and $17,300 at December 31. Finished goods inventory was $66,000 at January 1 and $58,200 at December 31.
Compute the following:
Cost of goods manufactured $
Cost of goods sold $
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Pena Corporation.xls (14K)