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On August 1, 2010, Sietens Corporation had balances of $72,000 in raw materials inventory, $108,000 in work in process inventory, and $24,000 in finished goods inventory. During August, the company purchased $570,000 of raw materials and incurred $121,200 in direct materials costs and $15,000 in indirect materials costs. Total factory payroll was $180,000 for direct labor and $42,000 for indirect labor. Office salaries were $144,600 and utilities were $40,200, with 70% allocated to factory. Depreciation was
- Author
- Amit Pandey
- Language
- EN