Note: Please provide in a neat excel format (horizontal) Jaworski Company provid

Question

Note: Please provide in a neat excel format (horizontal)

Jaworski Company provided the following information regarding its first year of operations:

Required:

Determine the following amounts:

a) Total overhead costs;
b) Total product costs;
c) Product cost per unit;
d) Total cost of ending finished goods inventory;
e) Total cost of goods sold;

$30,000 8,000 Administrative salaries Depreciation on factory equipment Indirect materials Marketing costs Salaries for factory supervisors Wages for production workers Raw materials used Research and development costs Rent on factory buildin Sales revenues Sales salaries and other selling costs 2.000 20,000 14,000 40,000 50,000 16,000 9.000 216,000 28,000 Beginning inventory Number of units produced Number of units sold 0 units 0,000 9,000

Explanation / Answer

All Amounts in $ a) Total Overhead Costs Depn on Factory Equipment 8000 Indirect Materials 2000 Rent on Factory Building 9000 19000 b) Total Product Costs Raw Materials used 50000 Salaries for Factory supervisors 14000 Wages for production workers 40000 Total Overheads 19000 123000 c) Product Cost per Unit Produced 12.3 $ per unit d) Total Cost of Ending FG Inventory 12300 (10,000 units produced - 9,000 units sold = 1,000 units FG) e) Cost of Goods Sold Total Product Costs 123000 Administrative Salaries 30000 Marketing Costs 20000 Research and Development Costs 16000 Sales Salaries & Other Selling Costs 28000 217000

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