Use the Following Information to Compute the Following Items (ACalculate the Cost of Materials Used
(B

question 137

Essay

Use the following information to compute the following items:
$\begin{array}{lr}\text { Beginning raw materials } & \$ 5,600 \\\text { Ending raw materials } & 4,200 \\\text { Direct labor } & 17,250 \\\text { Raw material purchases } & 7,400 \\\text { Depreciation on factory equipment } & 6,750 \\\text { Factory repairs and maintenance } & 3,300 \\\text { Beginning finished goods inventory } & 10,800 \\\text { Ending finished goods inventory } & 8,900 \\\text { Beginning goods in process inventory } & 5,350 \\\text { Ending goods in process inventory } & 6,300 \\O H \text { application rate } & 60 \% \text { of DL }\end{array}$
(A.Calculate the cost of materials used
(B.Calculate the manufacturing costs incurred during the period.
(C.Calculate the Cost of Goods Manufactured during the period.
(D.Calculate the Cost of Goods Sold during the period.
(E.Calculate the amount by which overhead is under- or overapplied.

---

Definitions:

Business Strategies

Broad plans and tactics used by companies to achieve specific goals and objectives and to secure a competitive position in the market.

Resource-Based View

A strategic management perspective that considers a firm's resources and capabilities as the primary sources of its competitive advantage.

Sustained Competitive Advantage

The ability of a firm to maintain a unique value proposition in the market that cannot be easily replicated by competitors, thus ensuring long-term success.

Strategy

The formulation of organizational objectives, scopes, and action plans for gaining advantage.