A review of the accounting records of Finch Manufacturing indicated that the company incurred the...
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Accounting
A review of the accounting records of Finch Manufacturing indicated that the company incurred the following payroll costs during the month of March. Assume the company's financial statements are prepared in accordance with GAAP. Salary of the company president$32,000. Salary of the vice president of manufacturing$16,600. Salary of the chief financial officer$19,400. Salary of the vice president of marketing$15,700. Salaries of middle managers (department heads, production supervisors) in manufacturing plant$192,000. Wages of production workers$930,000. Salaries of administrative personnel$109,000. Salaries of engineers and other personnel responsible for maintaining production equipment$187,000. Commissions paid to sales staff$248,000. Req
a. determine the total product cost per year.
b. determine the total cost of the ending inventory.
c. determine the total cost of goods sold.
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