Answer:
Ethtridge Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended July 31
Work in Process July 1 $316,400
Add: Cost of direct material used $1,150,000
in production
Direct labour $966,000
Total factory overhead <u>$490,500</u>
Total manufacturing costs incurred <u>$2,606,500</u>
Total manufacturing cost $2,922,900
Less: Work in process July 31 <u>$355,500</u>
Cost of goods manufactured <u>$2,567,400</u>
