Answer Happy

Consider the following information for Anton Corporation for the year ended December 31, 2021. Depreciation expense-Administrative office $60,000 Depreciation expense -Plant and equipment Property, plant and equipment 5,000,000 Direct labor Wages Direct materials inventory, Dec. 31, 2021 Direct materials inventory, Jan. 1, 2021 Direct materials purchases Finished goods inventory, Dec. 31, 2021 Finished goods inventory, Jan. 1, 2021 Heat, light & power - Plant Indirect labor Property taxes Plant 80,000 500,000 30,000 40,000 240,000 30,000 40,000 50,000 60,000 50,000
30,000 Supplies Plant Accounts payable Accounts receivable Work-in-Process inventory, Dec. 31, 2021 Work-in-Process inventory, Jan. 1, 2021 30,000 Required: a) Determine the cost of goods manufactured and the cost of goods sold for 2021. b) If 200,000 units were sold, what is the cost of goods manufactured per unit? How much would Sales for 2021 have been to generate an operating income of $120,000? 250,000 300,000 20,000