RECOMMENDED!!The following selected information was extracted from

  

The following selected information was extracted from the 20×3 accounting records of Medina ProductsRaw Material Used 284,000Direct Labor 178,000Indirect Labor 35,000Selling & Admin Salaries 250,000Building Depreciation 330,000***Other Sell & Admin EX 80,000Other Factory Costs 620,000 *Sixty percent of the company’s building was devoted to production activities; the remaining 40% was used for selling and administrative functions.Medina’s beginning and ending work-in-process inventories amounted to $306,000 and $245,000, respectively. The company’s beginning and ending finished-goods inventories were $450,000 and $440,000, respectively.Required:A. Calculate Medina’s manufacturing overhead for the year.B. Calculate Medina’s cost of goods manufactured.C. Compute Medina’s cost of goods sold.

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