The following information relates to Betty\'s Manufacturing for 2013: Based on t

Question

The following information relates to Betty's Manufacturing for 2013:

    
Based on this information, what is the company's cost of goods sold for 2013? (Do not round intermediate calculations.)

$80,800

$40,900

$130,100

$56,800

  Raw materials used $ 9,000   Direct labor wages 29,000   Sales salaries and commissions 24,000   Depreciation on production equipment 1,900   Rent on manufacturing facilities 14,000   Packaging and shipping supplies 2,900   Sales revenue 171,000   Units produced and sold 9,000   Selling price per unit $ 19.00

Explanation / Answer

Cost of goods sold $56,800

Raw materials used $9,000 Add: Direct labor wages $29,000       Depreciation on equipment     1,900      Rent on manufactruing facilities 14,000    Packaging & shipping supplies     2,900 total $56,800

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