Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. allen company used $71,000 of direct materials and

Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during...

90.2K

Verified Solution

Question

Accounting

Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current Indirect labor amounted to $2,700 while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and ended the year with a $7,000 balance.

What is the cost of goods manufactured?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Serum glutamic oxaloacetic transaminase (SGOT) is an enzyme that elevates when the heart muscle is damaged....

Statistics
Q

What is the amplitude of a typical ECG signal is as measured directly from skin surface...

Electrical Engineering
Q

A retaining wall x m high was designed to stabilize a horizontal ground surface. The back of...

Civil Engineering
Q

?Ollah's Organic Pet Shop sells about 6 comma 0006,000 bags of? free-range dog biscuits every year....

General Management
Q

Vrite 5 paragraphs identifying and explaining 5 ways in which Karl Marx criticizes capitalism Five...

Biology
Q

5 Assume that 1 000 is deposited in the bank and that each bank loans...

Basic Math
Q

A cup of coffee is poured when its temperature is 150 Fahrenheit and is placed...

Basic Math
Q

Answer the following based on the polynomial expressio First term degree Second term degree Third...

Algebra
Q

An individual paid for the vehicle refit. Parts and installation cost $3,450, freight costs $2,906,...

Accounting
Q

1. Cuando el contrato de prdidas y ganancias prev la asignacin de intereses sobre el...

Accounting
Q

Ben Gordon, Inc. fabrica 2 productos, ruedas y asientos. La compaa estim que sus gastos...

Accounting
Q

1. A 250 room hotel has an annual revenue $8,500,000. Its fixed costs are $3,500,000...

Accounting