Hollywood Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000. Advertising...

Hollywood Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000. Advertising expense $45,000. Depreciation on plant $60,000. Property taxes on plant $19,000. Property taxes on store $7,500. Delivery expense $21,000. Labour costs of assembly line workers $110,000. Sales commission $35,000. Factory supplies used $25,000. Salaries paid to sales clerks $50,000. Work in process inventory was $10,000 on January 1 and $14,000 at December 31. Finished goods inventory was $60,000 at January 1 and $50,600 at December 1. Please input your responses in answering the following questions.

A) What is the company's total manufacturing costs during the year? $ Answer B) What is the company's cost of goods manufactured for the year? C) What is company's cost of goods sold for the year?

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ekkarill92 answered 1 year ago

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