Total manufacturing costs 195,650( d) 253,700 Work in process 1 / 1 / 17( b) 16,500( h) Total cost of work in proems 221,500( c) 337,000 Work in process 12 / 31 / 17( c) 11,000 70,000 Cost of goods manufactured 185,275( f)( i) Instructions Indicate the missing amount for each letter( a) through( i). E1-2A
E1, 2A Bell Company, a manufacturer of audio systems, started its production in October, 2017. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory.
Raw materials cast for an audio system will total $ 74 per unit. Workers on the production lines are on average paid $ 12 per hour. An audio system usually takes 5 hours to complete. In addition, the rent on the equipment used to assemble audio systems amount to $ 4,900 per month. Indirect materials cost $ 5 per system. A supervisor was hired to oversee production; her monthly salary is $ 3,000.
Factory janitorial casts arc $ 1,300 monthly. Advertising costs for the audio system will be $ 9,500 per month. The factory building depreciation expense is $ 7,800 per year. Property taxes on the factory building will be $ 9,000 per year.
Instructions
( a) Prepare an answer sheet with the following column headings. Assuming that Bell manufactures, on average, 1,500 audio systems per