Business, 26.10.2021 14:00, Valduarte07
Larkspur, Inc. incurred the following costs while manufacturing its product.
Materials used in product $ 124,900
Advertising expense $ 50,200
Depreciation on plant 66,100
Property taxes on plant 16,000
Property taxes on store 8,290
Delivery expense 25,600
Labor costs of assembly-line workers 120,700
Sales commissions 44,100
Factory supplies used 32,700
Salaries paid to sales clerks 55,100
Work in process inventory was $13,000 at January 1 and $17,600 at December 31. Finished goods inventory was $69,500 at January 1 and $48,900 at December 31.
a. Compute cost of goods manufactured.
b. Compute cost of goods sold.
Answers: 3
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Larkspur, Inc. incurred the following costs while manufacturing its product.
Materials used in pro...
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