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The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company:
The following cost data for the month of May were taken from the records of the Terrence
Manufacturing Company: (CIA adapted)
Depreciation on factory equipment $ 2,400
Depreciation on sales office 600
Advertising 8,400
Wages of production workers 31,500
Raw materials used 42,000
Sales salaries and commissions 11,400
Factory rent 3,400
Factory insurance 600
Materials handling 2,900
Administrative salaries 3,400
Based upon this information, the manufacturing cost incurred during the month was:
