Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amounts described next.

Assume that Raw Materials Inventory contains only direct materials.

Beginning End of End of
of Year Year Year
Raw materials inventory $ 22,000 $34,000 Insurance on plant $9,500
Work in process inventory 41,000 27,000 Depreciation-plant building and equipment 12,600
Finished goods inventory 13,000 21,000 Repairs and maintenance-plant 3,900
Purchases of direct materials 74,000 Marketing expenses 84,000
Direct labor 88,000 General and administrative expenses 24,500
Indirect labor 42,000
Required:

1.Calculate the Cost of Goods Manufactured.

2.Calculate the Cost of Goods Sold.

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?