Inventories (Beginning):
Raw Materials
$50,000
Work in Process
10,000
Finished Goods
170,000
Inventories (Ending):
Raw Materials
$55,000
Work in Process
20,000
Finished Goods
150,000
Additional Information:
Administrative Expenses
$350,000
Direct Labor
200,000
Indirect Labor
100,000
Indirect Materials
200,000
Marketing Costs
275,000
Purchases of Raw Materials
250,000
Sales
1,500,000
Sales Commissions
15,000