Data Table End of Year 8000 Beginning End of of Year Year R

Data Table End of Year $ 8,000 Beginning End of of Year Year Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Indirect labor $ 24,000 $ 32,000 Insurance on plant 40,000$ 30,000 Depreciation-plant building and equipment ..13,000 $ 22,000 $ 29,000 Repairs and maintenance-plant $ 76,000 Marketing expenses $ 81,000 General and administrative expenses $ 46,000 $ 4,200 , 77,000 S 24,500 \' Print Done

Solution

Calculate cost of direct material used :

Cost of goods Manufactured :

(30000)

Calculate cost of goods sold :

Beginning raw material inventory	24000
Add: Raw material purchase	76000
Total raw material available for use	100000
Less: Ending raw material inventory	(32000)
Direct material used	68000