Question
A manufacturing company incurred the following costs during the year: Expense Component Amount ($) Direct Materials $32,160,000 Direct Labor $25,728,000 Variable Overhead $15,430,400 Fixed Overhead
A manufacturing company incurred the following costs during the year:
Expense Component | Amount ($) |
Direct Materials | $32,160,000 |
Direct Labor | $25,728,000 |
Variable Overhead | $15,430,400 |
Fixed Overhead | $16,975,600 |
Prepare a statement showing the cost of goods manufactured and cost of goods sold for the year.
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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
