Mustafa Manufacturing Company began operations on January 1.During the year, it started and complete

Mustafa Manufacturing Company began operations on January 1.During the year, it started and completed 3,000 units of product.The financial statements are prepared in accordance with GAAP. Thecompany incurred the following costs: Raw materials purchased andused—$6,200. Wages of production workers—$7,400. Salaries ofadministrative and sales personnel—$3,000. Depreciation onmanufacturing equipment—$4,400. Depreciation on administrativeequipment—$2,200. Mustafa sold 2,400 units of product. Required Determine thetotal product cost for the year. Determine the total cost of theending inventory. Determine the total of cost of goods sold. a) TOTAL PRODUCT COST? b) TOTAL COST OF ENDING INVENTORY? c) TOTAL COST OF GOODS SOLD? . . .

 

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