3) Stark Manufacturing Company had the following account balances for the 2021. Revenue $3,000,000 140,400 Work-in-proce

[answerhappygod]

3 Stark Manufacturing Company Had The Following Account Balances For The 2021 Revenue 3 000 000 140 400 Work In Proce 1 (47.57 KiB) Viewed 24 times

3) Stark Manufacturing Company had the following account balances for the 2021. Revenue $3,000,000 140,400 Work-in-process inventory (January 1) Work-in-process inventory (December 31) Finished goods inventory (January 1) 171,000 540,000 510,000 10,000 Finished goods inventory (December 31) Direct materials inventory (January 1) Direct materials inventory (December 31) Direct materials purchase Indirect materials used 32,000 400,000 84,000 Direct manufacturing labor 480,000 Indirect manufacturing labor 186,000 Property taxes on manufacturing plant building 28,800 Salespersons' company vehicle costs 12,000 Depreciation of manufacturing equipment 264,000 Depreciation of office equipment 123,600 135,000 Miscellaneous plant overhead Plant utilities 92,400 305,400 General office expenses Marketing distribution costs 30,000 Required: Calculate the following: a. Cost of direct materials used b- Cost of goods manufactured c- Cost of goods sold d-Gross margin f-Operating income