Business, 13.12.2021 19:10 chem1014

Davis Manufacturing Company had the following data: January 1December 31
Accounts receivable$27,000$33,000
Materials inventory22,5006,000
Work in process inventory70,20048,000
Finished goods inventory3,00015,000
Collections on account were $625,000.
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000.
Factory overhead was 300% of the cost of direct labor.

a. Compute sales revenue (all sales were on account).
$

b. Compute cost of goods sold.
$

c. Compute cost of goods manufactured.
$

d. Compute direct materials used.
$

e. Compute direct labor incurred.
$

f. Compute factory overhead incurred.
$

Answers: 3

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Davis Manufacturing Company had the following data: January 1December 31
Accounts receivable...

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