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[answered] Lopez Corporation incurred the following costs while manufa


Lopez Corporation incurred the following costs while manufacturing its product.


Materials used in product $115,270 Advertising expense $43,600
Depreciation on plant 57,090 Property taxes on plant 17,960
Property taxes on store 7,090 Delivery expense 21,470
Labor costs of assembly-line workers 114,860 Sales commissions 39,260
Factory supplies used 22,150 Salaries paid to sales clerks 54,310


Work in process inventory was $10,040?at January 1 and $12,700?at December 31. Finished goods inventory was $61,130?at January 1 and $53,740?at December 31.


Compute the cost of goods manufactured:

Compute the cost of goods sold:?


Computation of cost of goods sold

 

Material used in productio

 

Labour cost

 

Factories supplies used

 

Depreciation on plants

 

Property taxes on store

 

advertising expenses

 

Property taxes on plant

 

Delivery...

 


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