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Cost of Goods Manufactured? Kingbird Corporation incurred the following costs during 2022. Direct materials used...

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Accounting

Cost of Goods Manufactured?

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Kingbird Corporation incurred the following costs during 2022. Direct materials used in product $96,000 Advertising expense $36,000 Depreciation on factory 48,000 Property taxes on factory 11,200 Property taxes on store 6,000 Delivery expense 16,800 Labor costs of assemblyline workers 88,000 Sales commissions 28,000 Factorysupplies used 18,400 Salaries paid to sales clerks 40,000 Work in process inventory was $9,600 at January 1 and $12,400 at December 31. Finished goods inventory was $48,000 at January 1 and $36,500 at December 31. (a)

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