3. The Selected data concerning the past fiscal year's operations of the Eyoha Manufacturing Company are presented below: Inventories Beginning Ending Direct materials $75, 000 $.85, 000 80, 000 90, 000 30, 000 110,000 Work in process Finished goods Other data follows: $326, 000 Direct materials used... Total manufacturing costs charged to productio............ 686, 000* * Include direct materials, direct labor, and factory overhead (60% of Direct Labor cost) Required: A. Compute the cost of direct materials purchased during the year and direct labor costs charged to production during the year The costs of goods manufactured during the year

Mason Company provided the following data for this year: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Work in process Finished goods Beginning $ 8,600 $ 5,800 $ 71,000 Ending $ 10,800 $ 20,000 $ 25,400 $ 653,000 $ 82,000 $ 133,000 $ 106,000 $ 45,000 $ 223,000 $ 201,000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods sold. Assume the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income statement.

Selected data concerning the past year’s operations of the Altek Manufacturing Company are as follows:Inventories                                            ($) Beginning                  EndingRaw materials                                              71,000                       81,000Work in Process                                            80,000                     30,000Finished Goods                                             90,000                    110,000Other Data:Direct Materials Used ---------------------------------------------- $ 326,000Total Manufacturing Costs Charged to productionduring the year (includes direct material, direct labour,and manufacturing overhead applied at arate of 60% of direct-labour cost) ----------------------------------$ 686,000Cost of Goods Available for Sale ----------------------------------$ 826,000Selling and Administration Expenses ----------------------------- $ 31,500 Required:a) What was the cost of raw materials purchased during the…

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