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The following items are taken from the financial statements of Tri Manufacturing Company. Determine the cost of raw materials used and total manufacturing costs. Lable each item.

Advertising $ 76,000

Direct Labor 920,000

Factory Overhead (80 percent of direct labor)

Office Salaries 51,000

Raw Materials Inventory, January 1 (beginning) 480,000

Raw Materials Inventory, December 31 (ending) 625,000

Raw Material's Purchases 1,470,000

Sales Salaries 143,000

answer in this format (total of 9 separate entries)

Cost of Raw Materials Used

Item Amount

2. ________

4. ________

5. dbl underscore total ________

Total Manufacturing cost

Item Amount

8. _______

9. dbl underscore total _______

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9944400

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