Question
A company had beginning inventories as follows: Direct Materials, $650; Work-in-Process, $850; Finished Goods, $1,400. It had ending inventories as follows: Direct Materials, $750; Work-in-Process,
A company had beginning inventories as follows: Direct Materials, $650; Work-in-Process, $850; Finished Goods, $1,400. It had ending inventories as follows: Direct Materials, $750; Work-in-Process, $950; Finished Goods, $1,500. Material Purchases (net including freight) were $3,150, Direct Labor $3,600, and Manufacturing Overhead $4,050. What is the Cost of Goods Sold for the period?
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Auditing
Authors: David Ricchiute
8th Edition
0324226292, 978-0324226294
