Question
A Company budgets the following: Total direct materials placed into production $135,210 Total direct labor cost 241,440 Assume the estimated inventories on January 1, 2017,
A Company budgets the following:
Total direct materials placed into production
$135,210
Total direct labor cost
241,440
Assume the estimated inventories on January 1, 2017, for finished goods and work
in process were $14,490 and $4,830, respectively. Also assume the desired inventories
on December 31, 2017, for finished goods and work in process were $8,210 and $5,550,
respectively. Factory overhead was budgeted at $132,790.
12.
How much is budgeted cost of goods sold for 2017?
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
