Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:
Raw materials used $300,000
Total manufacturing costs charged to production during the year (includes raw materials, direct labor, and manufacturing overhead applied at a rate of 60 percent of direct labor costs) 681,000
Cost of goods available for sale 826,000
Selling and general expenses 30,000
Beginning Inventories
Raw materials $70,000
Work-in-process 85,000
Finished goods 90,000
Ending Inventories
Raw materials $80,000
Work-in-process 30,000
Finished goods 110,000
Determine each of the following:
a. Cost of raw materials purchased
b. Direct labor costs charged to production
c. Cost of goods manufactured
d. Cost of goods sold
Answers: 2
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