Best Corporation Incurred the Following Costs Calculate the Following Values:
A

Essay

Best Corporation incurred the following costs:
$\begin{array}{llr} \text { Beginning direct materials inventory } &\$17,000\\ \text { Beginning work-in-piocess inventory } &8,000\\ \text {Beginning finished goods inventory } &18,000\\ \text {Ending direct materials inventory } &15,000\\ \text { Ending work in process } &13,000\\ \text { Ending finished goods } &24,000\\\text { Factory supervisor's salary } & 25,000 \\\text { Depreciation on plant } & 10,000 \\\text { Sales } & 650,000 \\\text { Selling and administrative expenses } & 100,000 \\\text { Plant maintenance } & 5,000 \\\text { Plant utilities } & 9,000 \\\text { Direct material purchases } & 185,000 \\\text { Direct labour } & 200,000\end{array}$
Calculate the following values:
a.Direct materials used
b.Cost of goods manufactured
c.Cost of goods sold
d.Net income