Howle Manufacturing Company began operations on January 1_Answer

Howle Manufacturing Company began operations on January 1_Answer

Howle Manufacturing Company began operations on January 1_Answer

Howle Manufacturing Company began operations on January 1_Answer

Howle Manufacturing Company began operations on January 1_Answer

Howle Manufacturing Company began operations on January 1_Answer

Howle Manufacturing Company began operations on January 1. During the year, it started and completed 3,200 units of product. The company incurred the following costs.

1. Raw materials purchased and used—$4,600.
2. Wages of production workers—$7,680.
3. Salaries of administrative and sales personnel—$3,330.
4. Depreciation on manufacturing equipment—$10,300.
5. Depreciation on administrative equipment—$3,990.

Howle sold 1,920 units of product.

1)What is the cost of ending inventory?
2) What is the cost of goods sold?
(Round answers to two decimal places if necessary)

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