Zachary Manufacturing Company began operations on January 1. During the year, it started and completed...
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Accounting
Zachary Manufacturing Company began operations on January 1. During the year, it started and completed 1,750 units of product. The financial statements are prepared in accordance with GAAP. The company incurred the following costs: 1. Raw materials purchased and used $3,180. 2. Wages of production workers $3,500. 3. Salaries of administrative and sales personnel $1,905. 4. Depreciation on manufacturing equipment- $5,745. 5. Depreclation on administrative equipment $1,765. Zachary sold 1,140 units of product. Required o. Determine the total product cost for the year b. Determine the fotal cost of the ending inventory (Do not round intermediate colculotions.) c. Determine the total of cost of goods sold. (Do not round intermedinte calculations.) Answer is complete but not entirely correct
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