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Eddi Din [679]
3 years ago
11

The following information is available for Ethtridge Manufacturing Company for the month ending July 31:

Business
1 answer:
babunello [35]3 years ago
5 0

Answer:

                             Statement of cost of goods manufactured

Work in process inventory, July 1                                                 $316,400

Add:  Cost of direct materials used in production  $1,150,000

Direct labor                                                                $966,000

Total factory overhead                                              <u>$490,500</u>

Total manufacturing cost incurred                                               <u>$2,606,500</u>

Total manufacturing costs                                                            $2,922,900

Less: Work in process inventory, July 31                                     <u>$355,500</u>

Cost of goods manufactured                                                       <u>$2,567,400</u>

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