T-Mobile Wi-Fi 2:41 PM * 87% a edugen.wileyplus.com C Kimmel, Survey of Accounti

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T-Mobile Wi-Fi 2:41 PM * 87% a edugen.wileyplus.com C Kimmel, Survey of Accounting, le with Job Order Costing Help I S Exercise 10-8 (Part Level Submission) Sarasota Corporation incurred the following costs while manufacturing its product. used in product 2,200 overtising expe 4,500 Prpety Property taxe 39,000 Sales 3,500 Sales paid to sales ek 58,000 actory supplies uned Work in process inventory was $13,500 at January 1 and $17,200 at December 31. Finished goods inventory was $68,400 at January 1 and $47,700 at December 31 Your answer is incorrect. Try again. Compute cost of goods manufactured. The parts of this question must be completed in order. This part will be avallable when you complete the part above.

Explanation / Answer

Raw material used in production 128200 Direct labor 119000 manufacturing cost applied Depreciation on plant 64500 Property taxes on plant 22300 Factory supplies used 33500 manufacturing overheads 120300 Total manufacturing cost 367500 Add Beginning work in progress 13500 381000 less Ending work in progress 17200 Cost of goods manufactured 363800 Add Beginning finished goods inventory 68400 Cost of goods available for sale 432200 Less Ending finished goods inventory 47700 Cost of goods sold 384500

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