From the Following Information Calculate Total Manufacturing Costs and Cost

question 109

Essay

From the following information calculate total manufacturing costs and cost of goods manufactured.
$$\begin{array} { l l } \text { Raw Materials Inventory, 5ep. 1 } & \$ 3,000 \\\text { Raw Materials Inventory, 5ep. 30 } & 4,000 \\\text { Work-in-Process inventory, 5ep. 1 } & 5,000 \\\text { Work-in-Process Inventory, 5ep. 30 } & 4,000 \\\text { Raw Materials Purchased } & 7,000 \\\text { Direct Labor } & \mathbf { 8 } , 000 \\\text { Depreciation Expense } & \mathbf { 6 } , 000 \\\text { Factory Utilities } & 2,000\end{array}$$

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Definitions:

Epinephrine

An injectable medication used to treat anaphylaxis by causing vasoconstriction to increase blood pressure. Also, a hormone secreted from the adrenal glands. It increases heart rate, breathing rate, and blood pressure.

Nitroglycerin

A medication used to treat and prevent chest pain (angina) by dilating blood vessels and reducing heart workload.

Gauge

A measurement of the thickness or size of various objects, notably the diameter of a wire, body thickness, or the bore of a firearm.

Needles

Thin, cylindrical objects made of metal or plastic, designed for various purposes including sewing, medical injections, and as components of medical devices.