Answer:
Instructions are listed below
Explanation:
Giving the following information:
Inventory information:
DM:
Beginning = $59
Ending= $ 66
Direct materials purchased 5,260
Work-in-process
Beginning= $87
Ending= $79
Finished goods
Beginning= $998
Ending= $1,024
Other information:
Administrative costs $ 3,200
Depreciation (Factory) 3,330
Depreciation (Machines) 4,730
Direct labor 7,600
Indirect labor (Factory) 1,780
Indirect materials (Factory) 590
Property taxes (Factory) 240
Selling costs 1,180
Sales revenue 35,610
Utilities (Factory) 640
1) We need to calculate the production during the period.
Cost of manufactured period= Beginning work in progress inventory+ direct materials + direct labor + factory overhead - ending work in progress
Beginning work in progress inventory= 87
Direct materials= 59 + 5620 - 66= 5,613
Direct labor= 7,600
Factory overhead=Depreciation (Factory) + Depreciation (Machines) + Indirect labor (Factory) + Indirect materials (Factory) + Property taxes (Factory) + Utilities (Factory)= 3,330 + 4730 + 1780 + 590 + 240 + 640= $11,310
Ending work in progress=79
Cost of manufactured period=87+5613+7600+11310-79= $24,531
Cost of goods sold (COGS)= Beginning Inventory+Production during period−Ending Inventory
CGOS= 998 + 24531-1024= $24,505
B)
Revenue= 35610
COGS= 24505 (-)
Gross profit= $11,105
Administrative cost= 3200
Selling costs= 1180
Total period costs= 4380 (-)
EBITDA= 6725
