Direct materials used
Income tax expense
General and administrative expenses
a. Compute the total manufacturing costs charged to work in process for the current year.
b. Compute the cost of finished goods manufactured for the current year.
c. Compute the cost of goods sold for the current year.
d. Compute the gross profit on sales for the current year.
e. Compute the ending inventories of (1) work in process and (2) finished goods for the current year.
Total manufacturing costs
Cost of finished goods manufactured
Cost of goods sold
Gross profit on sales
Ending inventory of work in process
Ending inventory of finished goods
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