Answer:
Tappan Parts
Cost OF Goods Sold Statement
For the year Ending ---------------
Opening Inventory Materials $ 22,100
Add Purchases $ 48,300
Less Ending Inventory <u>$ 24,500</u>
Materials Used (given) $ 45,900
Add Conversion Costs $ 4,300
Total Manufacturing Costs $ 50,200
Add Opening Work In Process $ 33,000
Less Closing Work In Process <u>$ 29,400</u>
Cost Of goods Manufactured $ 53,800
Add Finished Goods Opening Inventory $ 5,700
Cost of Goods Available for Sale $ 48,100
Less Finished Goods Inventory $ 6,900
<u>Cost of Good sold $ 52,600 (given)</u>
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<em><u>As the Cost Of Goods Sold and Material Used are given we use these values to calculate the rest and do reverse operations</u></em>