Donahoo Manufacturing Company had the following information available for the year:

\begin{array}{ll}\text { Direct materials used } & \$ 44,000 \\\text { Direct labor costs incurred } & \$ 7,700 \\\text { Indirect labor costs incurred } & \$ 3,030 \\\text { Depreciation Expense on factory building } & \$ 19,000 \\\text { Depreciation Expense on factory machines } & \$ 100,000\\\text { Insurance Expense on factory building } & \$ 1,200 \\\text { Depreciation Expense on office equipment } & \$ 12,000 \\\text { Insurance expense on corporate office } & \$ 1,300 \\\text { Supplies Expense for factory } & \$ 5,000 \\\text { Utilities Expense for factory } & \$ 2,000\\ \text {Wages Expense for factory janitors }&\$ 5,000 \\ \text {Lease Expense for factory computers }&\$ 10,000 \\ \text {Finished Goods Inventory, end of year }&\$ 32,000 \\ \text {Finished Goods Inventory, beginning of year }&\$ 12,000\end{array}

Work-In-Process Inventories and Raw Materials Inventories were negligible at the beginning and end of the year.
Required:
A) Compute the Cost of Goods Manufactured for the year.
B) Compute the Cost of Goods Sold for the year.

Which of the Following Is an Example of Using Cost

Multiple Choice

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