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4. The following items for Titus Company are used to compute the cost of goods manufactured and the cost of goods sold. Indicate how each
4. The following items for Titus Company are used to compute the cost of goods manufactured and the cost of goods sold. Indicate how each item should be used in the calculations by filling in the blanks with "+" if the item is to be added, "-" if the item is to be subtracted, or "0" if the item is not used in the calculation. The first item is completed as an example. Cost of Cost of Good Manufactured Good Sold Beginning finished goods Inventory ____0_____ _____+_____ Ending finished goods inventory _______ __________ Direct labor _______ __________ Indirect labor . _______ __________ Beginning goods in process inventory _______ __________ Ending goods in process inventory. _______ __________ General and administrative expenses . _______ __________ Indirect materials _______ __________ Beginning raw materials inventory.. _______ __________ Raw materials . _______ __________ Depreciation of factory building _______ __________ Cost of goods manufactured .. _______ __________
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