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2 years ago

Cost of Goods Sold, Cost of Goods Manufactured

Business

1 answer:

nirvana33 [79]2 years ago

4 0

Answer and Explanation:

a. The preparation of the statement of Cost of Goods Manufactured is presented below:

Work in process inventory, April 1 34,000

Add:

Cost of direct materials used in production $41,000

Direct labor 47,000

Factory overhead 20,000

Less:

Work in process inventory, April 30 27,000

Cost of goods manufactured $115,000

b. The preparation of the statement of Cost of Goods Sold is presented below:

Finished goods inventory, April 1 24,000

Add: cost of goods manufactured $115,000

Less: Finished goods inventory, April 30 18,000

Cost of goods sold $121,000

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2 years ago

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Oksana_A [137]

Answer:

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Answer:

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2 years ago

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Answer:

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