Manhattan Company has the following information for November: Cost of direct materials used in production ........... $230,700

Question:

Manhattan Company has the following information for November:

Cost of direct materials used in production ........... $230,700

Direct labor ................................................................... 276,000

Factory overhead ......................................................... 155,900

Work in process inventory, November 1 ..................... 59,600

Work in process inventory, November 30 ................... 63,300

Finished goods inventory, November 1 ....................... 42,600

Finished goods inventory, November 30 ..................... 44,100

For April, determine 

(a) The cost of goods manufactured and 

(b) The cost of goods sold.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

Question Posted: