Foxwood Company accumulated the following data for 2007.
Jan 1, 2007 Dec 31, 2007
Inventories:
Finished Goods $ 52,000 $ 54,000
Work in Process 29,600 27,800
Raw materials 14,200 15,000
Direct labor 95,000
Raw material purchases 138,000
Indirect labor 15,300
Indirect materials and supplies 10,800
Factory utilities 18,600
Depreciation expense- Factory 14,000
Factory rent 18,000
Payroll taxes- Factory wages 8,100
Repairs and maintenance-Factory 6,000
Insurance expense- Factory 6,800
Miscellaneous factory expenses 5,200
