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Raw material purchases Direct labor Indirect labor Selling and administrative salaries Building depreciation* Other selling and administrative expenses Other factory costs Sales revenue ($130 per unit) *Seventy-five percent of the company's building was devoted to production activities; the remaining 25 percent was used for selling and administrative functions. Inventory data: Items Raw material Work in process Finished goods* January 1 $ 15,900 35,900 112,100 December 31 $ 18,200 62,100 97,900 $ 176,000 255,000 107,000 133,000 80,000 195,000 343,000 1,495,000 *The January 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectively. Cost of goods manufactured PR 2-38 (Algo) Part 2: Calculate Lone Oak's cost of goods manufactured. 2. Calculate Lone Oak's cost of goods manufactured.

PR 2-38 (Algo) Financial-Statement Elements: Manufacturer (LO 2-5, 2-6) [The following information applies to the questions displayod below] The following selected information was extracted from the 201 accounting records of Lone Oak Products: "Seventy-five percent of the company's building was devoted to production activities, the remaining 25 percent was used for selling and administrative functions. Inventory data: The Januory 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectively. PR 2-38 (Algo) Part 2: Calculate Lone Oak's cost of goods manufactured. 2. Calculate Lone Oak's cost of goods manufactured. [The following information applies to the questions displayed below] The following selected information was extracted from the 201 accounting records of Lone Oak Products: 'Seventy-five percent of the company's building was devoted to production activities; the remaining 25 percent was used for selling and administrative functions. Inventory data: -The January 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectively. PR 2-38 (Algo) Part 2: Calculate Lone Oak's cost of goods manufactured. 2. Calculate Lone Ook's cost of goods manufactured

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