Calculate cost of goods manufactured. Show your work.,,Jordan Company produces women’s clothing. During 2010, the company incurred the following costs:,,Factory rent $425,000,Direct Labor 325,000,Utilities – Factory 35,000,Purchases of direct materials 625,000,Indirect Material 70,000,Indirect Labor 80,000,,Inventories for the year were as follows:,, Jan 1 Dec 31,Direct materials $30,000 $50,000,Work in process 60,000 25,000,Finished Goods 115,000 95,000,
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