Question
A company's trial balance shows the following balances: Account Balance ($) Raw Materials Inventory $3,300,000 Work in Process Inventory $3,135,000 Finished Goods Inventory $3,420,000 Direct
A company's trial balance shows the following balances:
Account | Balance ($) |
Raw Materials Inventory | $3,300,000 |
Work in Process Inventory | $3,135,000 |
Finished Goods Inventory | $3,420,000 |
Direct Labor | $3,135,000 |
Factory Rent | $1,320,000 |
Factory Utilities | $715,000 |
Prepare a cost of goods sold statement using the absorption costing method.
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Cost Accounting
Authors: William K. Carter
14th edition
759338094, 978-0759338098
