Use the following information to compute the cost of goods manufactured and the cost of...
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Accounting
Use the following information to compute the cost of goods manufactured and the cost of goods sold for Dinar Company.
| Materials used in product | 120,000.00 |
| Depreciation on plant | 60,000.00 |
| Property taxes on store | 7,500.00 |
| Labor costs of assembly-line workers | 110,000.00 |
| Factory supplies used | 20,000.00 |
| Advertising expense | 45,000.00 |
| Property taxes on plant | 20,000.00 |
| Delivery expense | 20,000.00 |
| Sales commission | 30,000.00 |
| Sales clerks salaries | 50,000.00 |
Work-in-process inventory was 20,000 at January 1, and 15,000 at December 31.
Finished goods inventory was 60,000 at January1, and 50,000 at December 31.
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