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What are the selling and administration expenses? Cost of Goods Manufactured, Income Statement...

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Accounting

What are the selling and administration expenses?

Cost of Goods Manufactured, Income Statement

Orman Company produces neon-colored covers for tablets (e.g., iPads). For last year, Orman reported the following:

Work-in-process inventory, January 1$ 13,150

Work-in-process inventory, December 31 28,270

Finished goods inventory, January 1 112,970

Finished goods inventory, December 31 85,120

Direct materials inventory, January 1 3,410

Direct materials inventory, December 31 2,620

Direct materials purchased183,730

Direct labor138,150

Plant depreciation19,850

Salary, production supervisor46,630

Indirect labor68,040

Utilities, factory15,600

Sales commissions42,410

Salary, sales supervisor75,040

Depreciation, factory equipment31,760

Administrative expenses168,210

Supplies (40% used in the factory, 60% used in the sales office)17,770

Advertising expense43,050

Last year, Orman produced 89,360 units and sold 90,410 units at $11.00 per unit.

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