West Shoe Company makes loafers During the most recent year

West Shoe Company makes loafers. During the most recent year, West incurred total manufacturing costs of S21,100,000. Of this amount, S3,000,000 was direct materials used and $13,800,000 was direct labor. Beginning balances for the year were Direct Materials, $900,000; Work-in-Process Inventory, $1,400,000; and Finished Gcods Inventory, $1,000,000. At the end of the year, belances were Direct Materials, S600,000; Work-n-Process Inventory, $1,000,000; and Finished Goods Inventory, S820,000 Read the requirements. Requiremen 1. Analyze the inventory accounts to determine the cost of direct materials purchased during the year 6 Requirements Direct Materials Direct Materials Used Beginning Direct Materials Ending Direct Materials Purchases Requirement 2. Analyze the inventory accounts to determine the cost of goods manufactured for the year Analyze the inventory accounts to determine 1. Cost of direct materials purchased during the year. 2. Cost of goods manufactured for the year 3. Cost of goods sold for the year PintDone Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured Requirement 3. Analyze the inventory accounts to determine the cost of goods sold for the year Finished Goods Enter any number in the edit fields and then continue to the next question.

Solution

1) Cost of material purchased :

2) Cost of goods manufactured :

3) Calculate cost of goods sold :

Direct material used	3000000
Beginning direct materials	-900000
Ending direct materials	600000
Purchases	2700000