The following information is available for the XYZ Corporation for the year ended Dec 31 2018 (all cost in GHC).
Cost item
Cost Cost item
Cost
Property Taxes on factory building 3,000 Depreciation on factory equipment
11,000
Marketing Expenses
37,000 Factory repairs and maintenance
16,000
Finished Goods Inventory Dec 31 2012 27,000 Work in process inventory Dec 31 2012
20,000
Factory Utilities
17,000 Direct Labour
34,000
Work in progress inventory Dec 31 2013 26,000 Indirect Labour
23,000
Depreciation on factory building 9,000 Indirect Materials used
11,000
Non factory administrative expenses 43,000 Misc Factory overhead
4,000
Direct materials used
87,000 Sales
300,000
Finished goods inventory Dec 31 2013 34,000
Calculate
1.Cost of good manufactured
2. Cost of good sold
3.Operating income
4.Prime costs
5. Conversion costs
6.Period and Product costs
.
.
.