(Solved) Helmer Sporting Goods Company manufactured 100,000 units in 2015 and reported the following ...

Helmer Sporting Goods Company manufactured 100,000 units in 2015 and reported the following costs:

Sandpaper   $32,000   Leasing costs-plant   $384,000
Materials handling   320,000   Amortization-equipment   224,000
Coolants & lubricants   22,400   Property taxes-equipment   32,000
Indirect manufacturing labour   275,200   Fire insurance-equipment   16,000
Direct manufacturing labour   2,176,000   Direct material purchases   3,136,000
Direct materials, 1/1/15   384,000   Direct materials, 12/31/15   275,200
Finished goods, 1/1/15   672,000   Sales revenue   12,800,000
Finished goods, 12/31/15   1,280,000   Sales commissions   640,000
Work-in-process, 1/1/15   96,000   Sales salaries   576,000
Work-in-process, 12/31/15   64,000   Advertising costs   480,000
   Administration costs   800,000

Required:
a.   What is the cost of direct materials used during 2015?
b.   What manufacturing costs were added to WIP during 2015?
c.   What is cost of goods manufactured for 2015?
d.   What is cost of goods sold for 2015?

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Helmer Sporting Goods Company manufactured 100,000 units in 2015 and reported the following ...

Cost Accounting: A Managerial Emphasis, Canadian Edition

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