b) Quality Footwear incurs these costs for the month: Production wages Advertising costs $ 6 200 $ 800 $ 8.000 $ 4 000 $ 1000 $860 Repairs and maintenance on office building $2500 Glue and pins $ 400 Leather material used Research costs Depreciation on factory equipment Factory cleaners' wages Required: Determine each of the following costs: (list the costs under each cost category when calculating the answer). 11. Product costs

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...
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b) Quality Footwear incurs these costs for the month:
Production wages
$ 6 200
Advertising costs
$
800
$ 8.000
$ 4 000
Depreciation on factory equipment
$1.000
Factory cleaners' wages
$860
Repairs and maintenance on office building $2.500
Glue and pins
$ 400
Leather material used
Research costs
Required:
Determine each of the following costs: (list the costs under each cost category when calculating
the answer).
1. Product costs
ANSWER b (i):
Transcribed Image Text:b) Quality Footwear incurs these costs for the month: Production wages $ 6 200 Advertising costs $ 800 $ 8.000 $ 4 000 Depreciation on factory equipment $1.000 Factory cleaners' wages $860 Repairs and maintenance on office building $2.500 Glue and pins $ 400 Leather material used Research costs Required: Determine each of the following costs: (list the costs under each cost category when calculating the answer). 1. Product costs ANSWER b (i):
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