Question & Answer: Calculate the cost of goods manufactured Data Table South Marine Company Calculation of Cost of Goods Manufactured For Curr…..

Calculate the cost of goods manufactured Data Table South Marine Company Calculation of Cost of Goods Manufactured For Current Year Beginning End of End of Year $ 9,500 of Year $ 28,000 S 30,000 Insurance on plant $ 43,000 S 36,000 Depreciation-plant building and equipment ….$ 12,600 $13,000 S 25,000 Repairs and maintenance-plant Year Plus: Manufacturing costs incurred Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials…. Direct labor Indirect labor 72,000 Marketing expenses S 88,000 General and administrative expenses $ 42,000 $4,400 $79,000 $27,500 Less: Cost of goods manufactured