Allen Company Used $71,000 of Direct Materials and Incurred $37,000

question 49

Essay

Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year. Indirect labor amounted to $2,700, while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and ended the year with a $7,500 balance.
Prepare a statement of cost of goods manufactured.

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Definitions:

Treatment Adherence

The extent to which a person's behavior corresponds with agreed recommendations from a healthcare provider concerning medications, therapies, and lifestyle changes.

Multiple Medications

The practice of taking several drugs concurrently, often to manage various conditions or diseases, which can raise considerations for interactions and side effects.

Discharged

The formal release of a patient from a hospital or healthcare facility after completing treatment.

Moderate-to-Vigorous-Intensity

A level of physical activity that elevates the heart rate and breathing, considered beneficial for cardiovascular health.