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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Given the following selected account balances of Shanta Company.
| Sales | $ | 1,234,000 |
| Â Â Raw materials inventory, Dec. 31, 2012 | Â | 38,000 |
| Â Â Goods in process inventory, Dec. 31, 2012 | Â | 55,400 |
| Â Â Finished goods inventory, Dec. 31, 2012 | Â | 61,200 |
| Â Â Raw materials purchases | Â | 161,500 |
| Â Â Direct labor | Â | 233,000 |
| Â Â Factory computer supplies used | Â | 17,700 |
| Â Â Indirect labor | Â | 41,000 |
|   RepairsAc€??Factory equipment |  | 5,250 |
| Â Â Rent cost of factory building | Â | 56,000 |
| Â Â Advertising expense | Â | 101,000 |
| Â Â General and administrative expenses | Â | 132,000 |
| Â Â Raw materials inventory, Dec. 31, 2013 | Â | 44,300 |
| Â Â Goods in process inventory, Dec. 31, 2013 | Â | 42,100 |
| Â Â Finished goods inventory, Dec. 31, 2013 | Â | 68,100 |
Direct Sales
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Total Factory overhead costs
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