Helmer Sporting Goods Company Manufactured 100,000 Units in 2015 and Reported

question 155

Essay

Helmer Sporting Goods Company manufactured 100,000 units in 2015 and reported the following costs:
$$\begin{array} { l r l r } \text { Sandpaper } & \$ 32,000 & \text { Leasing costs-plant } & \$ 384,000 \\\text { Materials handling } & 320,000 & \text { Depreciation-quipment } & 224,000 \\\text { Coolants \& lubricants } & 22,400 & \text { Property taxes-equipment } & 32,000 \\\text { Indirect manufacturing labor } & 275,200 & \text { Fire insurance-equipment } & 16,000 \\\text { Direct manufacturing labor } & 2,176,000 & \text { Direct material purchases } & 3,136,000 \\\text { Direct materials, } 1 / 1 / 15 & 384,000 & \text { Direct materials, } 12 / 31 / 15 & 275,200 \\\text { Finished goods, } 1 / 1 / 15 & 672,000 & \text { Sales revenue } & 12,800,000 \\\text { Finished goods, } 12 / 31 / 15 & 1,280,000 & \text { Sales commissions } & 640,000 \\\text { Work-in-process, } 1 / 1 / 15 & 96,000 & \text { Sales salaries } & 576,000 \\\text { Work-in-process, } 12 / 31 / 15 & 64,000 & \text { Advertising costs } & 480,000 \\& & \text { Administration costs } & 800,000\end{array}$$ Required:
a.What is the amount of direct materials used during 2015?
b.What manufacturing costs were added to WIP during 2015?
c.What is cost of goods manufactured for 2015?
d.What is cost of goods sold for 2015?

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Definitions:

Unprotected Behavior

Actions or activities that lack security measures or precautions, potentially leading to harm or adverse outcomes.

Family and Medical Leave Act

A U.S. labor law that provides employees with job-protected and unpaid leave for qualified medical and family reasons.

Health Insurance Benefits

Financial protection provided by insurance companies to cover the cost of medical care.

Employer Monitoring

Practices and technologies used by employers to oversee and record employees' work-related activities, often for performance evaluation or security purposes.