Lopez corporation incurred the following costs while manufacturing its product.

Knight Company reports the following costs and expenses in May
Factory utilities $12,500
Depreciation on factory equipment $12,650
Depreciation on delivery trucks 3,800
Indirect factory labor 48,900
Indirect materials 80,800
Direct materials used 137,600
Factory manager’s salary 8,000
Direct labor $69,100
Sales salaries $46,400
Property taxes on factory building 2,500
Repairs to office equipment 1,300
Instructions
From the information determine the total amount of the a- manufacturing overhead
b- Product costs c- Period cost
Exercise two Ikerd Company is a manufacturer of personal computer. Various cost and expenses associated with its operation are as follows:
1-Property tax on the factory building
2- Production superintendents ‘salaries
3- Memories board and ships used in assembling computers
4 Depreciation on the factory equipment
5-Salaries for assembly line quality control inspector
6- Sales commissions paid to sell personal computers
7- Electrical components used in assembling computer
8- Wages of workers assembling personal computers
9- Soldering materials used on factory assembly lines
10-Salaries for the night security guards for factory building
The company intends to classify these cost and expenses into the following categories a)direct materials, b) direct labor c) manufacturing overhead and d) period costs
Exercise three kwik Delivery service reports the following cost and expenses in June 2012
Indirect materials $5,400 Drivers’salaries $16,000
Depreciation on delivery
equipment 11,200 Advertising 1,600
Dipatcher’s salary 5,000 Delivery equipment 300
Repairs
Property taxes on office building 870 office supplies 650
CEO’s salary 12,000 office utilities 990
Gas and oil for delivery trucks2,200 Repair on office equipment 180
Determine the total amount of a) delivery service (product) b) period costs
Exercise four Lopez corporation incurred the following cost while manufacturing its products
Materials used in product $120,000
Depreciation on plant 60,000
Property taxes on store 7,500
Labor cost of assembly-line workers 110,000
Factory supplies used 23,000
Advertising expense 45,000
Property tax on plant 14,000
Sales commissions 35,000
Salaries paid to sales clerk 50,000
Work in progress inventory was $12,000 at January 1 and $15,000 at December 31. Finished good inventory was $60,000 at January 1 and 45,600 at December compute
a(compute cost of goods manufactured
b(compute cost of good sold