Question
Beg. of Year End of Year Raw Materials Inventory $26000 $30852 Work in process inventory $35000 $32867 Finished goods inventory $14000 $28862 Purchases of DM
| Beg. of Year | End of Year | |
| Raw Materials Inventory | $26000 | $30852 |
| Work in process inventory | $35000 | $32867 |
| Finished goods inventory | $14000 | $28862 |
| Purchases of DM |
| $73000 |
| Direct Labor |
| $41484 |
| Indirect Labor |
| $40000 |
| Insurance on plant |
| $10000 |
| Depreciation - plant building and equipment |
| $12747 |
| Repairs and maintenance - plant |
| $4869 |
| Marketing expenses |
| $76000 |
| General & administrative expenses |
| $27354 |
|
|
|
|
What is Cost of Goods Sold?
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
