The following data pertain to the Miami Manufacturing Company (A+)

The following data pertain to the Miami Manufacturing Company for the year ended December 31, 2004

Beginning finished goods inventory $ 255,000

Ending finished goods inventory 270,000

Beginning direct material inventory 82,000

Ending direct material inventory 98,000

Beginning work-in-process inventory 164,000

Ending work-in-process inventory 184,000

Direct material purchased 1,740,000

Indirect material used in production 3,000

Factory supplies used 12,500

Depreciation on factory 134,000

Depreciation on the sales office 14,000

Depreciation on the administrative office 9,000

Sales salaries 350,000

Assembly-line labor cost 2,120,000

Factory security guard cost 22,000

Factory supervision 183,500

Depreciation on production equipment 1,340,000

Depreciation on administrative office equipment 52,200

Required:

What is the cost of direct material used in 2004?
What is the cost of direct labor during in 2004?
What is the cost of manufacturing overhead for 2004?
What is the total manufacturing cost incurred during 2004?
What is the cost of goods manufactured for 2004?
What is the cost of goods sold for 2004?

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