Question
Beginning Inventory (1/1) Ending Inventory (12/31) Direct Materials Inventory $20,000 $30,000 Work in Process Inventory $16,000 $18,000 Finished Goods Inventory $25,000 $40,000 Direct materials used
|
| Beginning Inventory (1/1) | Ending Inventory (12/31) |
| Direct Materials Inventory | $20,000 | $30,000 |
| Work in Process Inventory | $16,000 | $18,000 |
| Finished Goods Inventory | $25,000 | $40,000 |
| Direct materials used | $90,000 |
| Direct labor incurred | $75,000 |
| Manufacturing overhead applied | $95,000 |
| Cost of goods manufactured | $258,000 |
Compute the cost of goods sold.
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The Productivity Audit
Authors: Mark Spelman, Paul Spence
1st Edition
1907766073, 978-1907766077
