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Use the following information to compute the cost of goods manufactured and the cost of goods sold for Dinar Company.
Materials used in product 120,000.00
Depreciation on plant 60,000.00
Property taxes on store 7,500.00
Labor costs of assembly-line workers 110,000.00
Factory supplies used 20,000.00
Advertising expense 45,000.00
Property taxes on plant 20,000.00
Delivery expense 20,000.00
Sales commission 30,000.00
Sales clerks salaries 50,000.00
Work-in-process inventory was 20,000 at January 1, and 15,000 at December 31.
Finished goods inventory was 60,000 at January1, and 50,000 at December 31.
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