Glenville Company has the following information for April: Cost of direct materials used in production...................................$280,000 Direct labor..........................................................................324,000
Question:
Glenville Company has the following information for April:
Cost of direct materials used in production...................................$280,000
Direct labor..........................................................................324,000
Factory overhead...................................................................188,900
Work in process inventory, April 1...............................................72,300
Work in process inventory, April 30.............................................76,600
Finished goods inventory, April 1................................................39,600
Finished goods inventory, April 30...............................................41,200
For April, determine
(A) the cost of goods manufactured and
(B) the cost of goods sold.
Step by Step Answer:
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac