The Following Inventory and Cost Data for the Just Completed

question 49

Essay

The following inventory and cost data for the just completed year are taken from the accounting records of Sankar Company:
$\begin{array}{|l|l|}\hline \text { Inventories } & \\\hline \text { Increase in raw materials } & \$ 4,000 \\\hline \text { Increase in work in process } & 30,000 \\\hline \text { Decrease in finished goods } & 90,000 \\\hline \text { Costs incurred } & \\\hline \text { Advertising expense } & \$ 200,000 \\\hline \text { Direct labour cost } & 180,000 \\\hline \text { Purchases of raw materials } & 264,000 \\\hline \text { Rent, factory building } & 60,000 \\\hline \text { Indirect factory labour } & 112,600 \\\hline \text { Sales commissions } & 70,000 \\\hline \text { Utilities, factory } & 18,000 \\\hline \text { Maintenance, factory equipment } & 48,000 \\\hline \text { Supplies, factory } & 1,400 \\\hline \text { Depreciation, office equipment } & 16,000 \\\hline \text { Depreciation, factory equipment } & 80,000\\\hline\end{array}$
Required:
(a.)Calculate the cost of goods manufactured.
(b.)Calculate the cost of goods sold

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Definitions:

Unconscious Motivations

Drives and desires that influence an individual's thoughts and behaviors without their conscious awareness.

Growth Potential

Growth potential refers to the capacity for significant development or improvement, whether in the context of an individual's abilities, the expansion of an organization, or the progress of a society.

Person-Centered Perspective

A psychological approach emphasizing the importance of being aware of and accepting one's true self to achieve personal growth.

Altruism

Unselfish regard for the welfare of others.