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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 |
| Raw materials inventory, Dec. 31, 2012 | 38,000 | |
| Goods in process inventory, Dec. 31, 2012 | 55,400 | |
| Finished goods inventory, Dec. 31, 2012 | 61,200 | |
| Raw materials purchases | 161,500 | |
| Direct labor | 233,000 | |
| Factory computer supplies used | 17,700 | |
| Indirect labor | 41,000 | |
| RepairsAc€??Factory equipment | 5,250 | |
| Rent cost of factory building | 56,000 | |
| Advertising expense | 101,000 | |
| General and administrative expenses | 132,000 | |
| Raw materials inventory, Dec. 31, 2013 | 44,300 | |
| Goods in process inventory, Dec. 31, 2013 | 42,100 | |
| Finished goods inventory, Dec. 31, 2013 | 68,100 |
Direct Sales
| Raw materials available for use | ||||||||||||||||
| Direct materials used | ||||||||||||||||
| Factory overhead | ||||||||||||||||
Total Factory overhead costs
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