Question
A company's trial balance shows the following balances: Account Balance ($) Raw Materials Inventory $1,650,000 Work in Process Inventory $1,570,000 Finished Goods Inventory $1,710,000 Direct
A company's trial balance shows the following balances:
Account | Balance ($) |
Raw Materials Inventory | $1,650,000 |
Work in Process Inventory | $1,570,000 |
Finished Goods Inventory | $1,710,000 |
Direct Labor | $1,570,000 |
Factory Rent | $660,000 |
Factory Utilities | $357,000 |
Prepare a cost of goods sold statement using the absorption costing method.
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
