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Borges Distributors has the following information for January: Cost of direct materials used in production $25,000 Direct labor 35,000 Factory overhead 20,000 Work in process
Borges Distributors has the following information for January:
Cost of direct materials used in production $25,000
Direct labor 35,000
Factory overhead 20,000
Work in process inventory, 1/1 30,000
Work in process inventory, 1/31 25,000
Finished goods inventory, 1/1 15,000
Finished goos inventory, 1/31 12,000
Determine a) the cost of goods manufactured, and b) the cost of goods sold for January
Borges Distributors has the following information for January:
Cost of direct materials used in production $25,000
Direct labor 35,000
Factory overhead 20,000
Work in process inventory, 1/1 30,000
Work in process inventory, 1/31 25,000
Finished goods inventory, 1/1 15,000
Finished goos inventory, 1/31 12,000
Determine a) the cost of goods manufactured, and b) the cost of goods sold for January
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