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  3. the juarez corporation incurred the following tran

The Juarez Corporation incurred the following transactions during its first year of operations. (Assume all...

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Accounting

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The Juarez Corporation incurred the following transactions during its first year of operations. (Assume all transactions involve cash). 1) Acquired $2,000 of capital from the owners. 2) Purchased $400 of direct raw materials. 3) Used $300 of these direct raw materiais in the production process. 4) Paid production workers $500 cash. 5) Paid $300 for manufacturing overhead (applied and actual overhead are the same). 6) Started and completed 250 units of inventory. 7 Sold 150 units at a price of $6 each. 8) Paid $140 for selling and administrative expenses. The amount of cost of goods manufactured would be

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