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NEXT Best, Co. manufactures computers. As of Dec 31, use the following information to determine: (assume 100% of Overhead is absorbed during the period) a. Cost of goods manufactured (completed jobs) b. Cost of goods sold c. Gross Profit d. Net Income Raw Materials Work In Process (WIP) Finished Goods (FG) Jan 1 $50,000 $98,000 $350,000 Dec 31 $21,000 $122,200 $-0- 히 1 198,1 Chief Financial Officer Salary saA Utilities -factory o H Depreciation of factory of Shop Foreman (suppervisors O $120,000 $125,000 - $79,900 - $29,000- $450,000 $398,700 $99,000 $51,000 $21,700 $1,750,000 $65,000 vMaterials purchased oH レSalary of assemblers o H Advertising expense on Repairs on Factory он Office Supplies Sales Warehouse Supplies o rT
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