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San Diego State University Operations And Supply Chain Management Assignment Help - Depreciation

Question - Selling expenses $ 215,000
Purchases of raw materials $ 260,000
Direct labor ?
Administrative expenses $ 160,000
Manufacturing overhead applied to work in process $ 340,000
Total actual manufacturing overhead costs $ 350,000

Inventory balances at the beginning and end of the year were as follows:
Beginning of Year End of Year
Raw materials $ 50,000 $ 40,000
Work in process ? $ 33,000
Finished goods $ 30,000 ?

The total manufacturing costs for the year were $675,000; the cost of goods available for sale totaled
$720,000; the unadjusted cost of goods sold totaled $665,000; and the net operating income was
$35,000. The company's overapplied or underapplied overhead is closed entirely to cost of goods

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