3) Stark Manufacturing Company had the following account balances for the 2021. Revenue $3,000,000 140,400 171,000 540,0

[answerhappygod]

3 Stark Manufacturing Company Had The Following Account Balances For The 2021 Revenue 3 000 000 140 400 171 000 540 0 1 (83.5 KiB) Viewed 16 times

3) Stark Manufacturing Company had the following account balances for the 2021. Revenue $3,000,000 140,400 171,000 540,000 510,000 Work-in-process inventory (January 1) Work-in-process inventory (December 31) Finished goods inventory (January 1) Finished goods inventory (December 31) Direct materials inventory (January 1) Direct materials inventory (December 31) Direct materials purchase Indirect materials used Direct manufacturing labor 10,000 32,000 400,000 84,000 480,000 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