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accounting for materials and labor seattle enterprises produces lcd touch screen pro 645178

Accounting for materials and labor Seattle Enterprises produces LCD touch screen products. The company reports the following information at December 31, 2012:

Materials inventory

Work in process inventory

Finished goods inventory

47,000

31,400

28,000

123,000

123,000

109,000

   

62,000

     
   

53,900

     

 

Wages payable

Manufacturing overhead

 

 
 

74,000

3,400

53,900

   
   

12,000

     
   

36,500

     

Seattle began operations on January 30, 2012.

Requirements

1. What is the cost of direct materials used? The cost of indirect materials used?

2. What is the cost of direct labor? The cost of indirect labor?

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