Calculating Inventory

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ActualResults.docx

Actual Results

Direct Materials Used

$5,600,000.00

Direct Labor

$4,350,000.00

Indirect Material Used

$65,000.00

Indirect Labor

$2,860,000.00

Factory Depreciation

$1,740,000.00

Factory Insurance

$59,000.00

Factory Utilities

$830,000.00

Selling and Administrative Expenses

$2,160,000.00

Total

$17,664,000.00