4. Use the following information to perform the calculations in(a) – (c) below: Sales $101,000 Administrative salaries 15,000Indirect labor 12,000 Direct labor 35,000 Marketing expense 18,000Materials purchased 25,000 Production machine depreciation 5,500Materials inventory, Jan 1, 2014 35,000 Materials inventory, Dec31, 2014 48,000 Finished goods inventory, Jan 1, 2014 19,000Finished goods inventory, Dec 31, 2014 26,000 Work in process, Jan1, 2014 18,000 Work in process, Dec 31, 2014 15,000 Required: a)Calculate Total Manufacturing Costs for 2014 b) Calculate Cost ofGoods Manufactured for 2014 c) Calculate Cost of Goods Sold for2014

Your company uses a process cost system. Products are processedfirst by Department A, then by Department B before beingtransferred to the Finished Goods warehouse. Shown below is thecost information for Department B during the month of April: Costof units transferred in $100,000 Manufacturing costs added inDepartment B: Direct Materials $30,000 Direct Labor $5,000Manufacturing Overhead $15,000 Total costs added in Department B$50,000 Total charged to Department B-Sept: $150,000 During April,$140,000 in finished goods were transferred to the warehouse fromDepartment B. Required: Prepare the following entries: a) Thetransfer of production from Department A to Department B b) Themanufacturing costs incurred by Department B c) The transfer ofcompleted units from Department B to the Finished Goods Warehouse.3

Your has the following production data for April: • Beginningwork in process, 0 units • Units transferred out, 20,000 units •Units in ending work in process, 5,000, which are 20% complete forconversion costs. • Materials are added ONLY at the beginning ofthe process. Required: Compute the equivalent units of productionfor both materials and conversion costs.