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Cost of raw materials used in production

04/10/2021 Client: muhammad11 Deadline: 2 Day

A. The cost of the raw materials used in production during the year:

B. The cost of goods manufactured for the year:

C. The cost of goods sold for the year:

D. The net income for the year:

Finished goods inventory, beginning

$240

Finished goods inventory, ending

320

Raw materials inventory, beginning

80

Raw materials inventory, ending

140

Work in process inventory, beginning

140

Work in process inventory, ending

100

Administrative expenses

300

Direct labor

400

Manufacturing overhead applied

460

Purchases of raw materials

240

Sales

1,980

Selling expenses

280

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