Answer:
$367,800; $391,600
Explanation:
Manufacturing overhead:
= Depreciation on plant + Factory supplies used + Property tax on plant
= 70,200 + 29,200 + 21,000
= 120,400
Total manufacturing cost:
= Material used in production + Labor cost + Manufacturing overhead
= $129,600 + 120,400 + 120,400
= 370,400
Cost of good manufactured:
= Beginning work in process + Total manufacturing cost - Ending work in process
= 14,400 + 370,400 - 17,000
= $367,800
Cost of goods sold:
= cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory
= $367,800 + 70,200 + 46,400
= $391,600
