The Moundsview Company provided you with the following information for the fiscal year ending on December 31:
|
Work-in-process inventory, 12/31
|
$115,800
|
|
Finished goods inventory, 1/1
|
614,800
|
|
Direct labor costs incurred
|
2,008,600
|
|
Manufacturing overhead costs
|
5,368,800
|
|
Direct materials inventory, 1/1
|
501,600
|
|
Finished goods inventory, 12/31
|
1,022,000
|
|
Direct materials purchased
|
3,500,400
|
|
Work-in-process inventory, 1/1
|
202,000
|
|
Direct materials inventory, 12/31
|
338,800
|
(a) Compute the total manufacturing costs incurred during the year.
(b) Compute the total work-in-process during the year.
(c) Compute the cost of goods manufactured during the year.
(d) Compute the cost of goods sold during the year.