Answer:
KINDLY CHECK explanation
Explanation:
From the Given information above :
The direct material used in production for year 1:
(Direct material:beginning inventory + direct material purchases - direct material:ending inventory) = $(10,000 + 45,000 - 15,000) = $40,000
2.)Direct labor used in production year 1:
(COGS - beginning finished goods + ending finished goods - direct materials used in production - manufacturing overhead - beginning WIP + Ending WIP)
$(169,000 - 8000 + 7000 - 40000 - 80000 - 17000 + 14000) = $45,000
Direct material : beginning inventory Year 2 = Direct material : ending inventory Year 1 = $15,000
Direct material purchases :
Direct materialnused in production + direct material : ending inventory - direct material : beginning inventory
= 50,000 + 17000 - 15000 = $52,000
COGS Year 2 :
(COGS - beginning finished goods + ending finished goods - direct materials used in production - manufacturing overhead - beginning WIP + Ending WIP) = direct labor used in production
COGS - 7000 + 11000 - 50,000 - 76000 - 14000 + 19000 = 53000
COGS - 117000 = 53000
COGS = 53000 + 117000 = $170000