Question

Q2 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $125,700 Advertising expense $51,700 Depreciation on plant 63,400 Property taxes on plant 23,100 Property taxes on store 8,100 Delivery expense 24,700 Labor costs of assembly-line workers 116,100 Sales commissions 43,900 Factory indirect materials used 31,700 Salaries paid to sales clerks 52,800 Work in process inventory was $13,800 at January 1 and $17,600 at December 31. Finished goods inventory was $68,800 at January 1 and $45,700 at December 31. Compute cost of goods manufactured. Cost of goods manufactured $ Compute cost of goods sold. Cost of goods sold

          Q2 Lopez Corporation incurred the following costs while manufacturing its product.
Materials used in product
$125,700
Advertising expense
$51,700
Depreciation on plant
63,400
Property taxes on plant
23,100
Property taxes on store
8,100
Delivery expense
24,700
Labor costs of assembly-line workers
116,100
Sales commissions
43,900
Factory indirect materials used
31,700
Salaries paid to sales clerks
52,800
Work in process inventory was $13,800 at January 1 and $17,600 at December 31. Finished
goods inventory was $68,800 at January 1 and $45,700 at December 31.
Compute cost of goods manufactured.
Cost of goods manufactured $
Compute cost of goods sold.
Cost of goods sold

Q2 Lopez Corporation incurred the following costs while manufacturing its product.
Materials used in product
125,700
Advertising expense51,700
Depreciation on plant
63,400
Property taxes on plant
23,100
Property taxes on store
8,100
Delivery expense
24,700
Labor costs of assembly-line workers
116,100
Sales commissions
43,900
Factory indirect materials used
31,700
Salaries paid to sales clerks
52,800
Work in process inventory was 13,800 at January 1 and17,600 at December 31. Finished
goods inventory was 68,800 at January 1 and45,700 at December 31.
Compute cost of goods manufactured.
Cost of goods manufactured Compute cost of goods sold.
Cost of goods sold

Added by Milagros C.

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