Calculate Cost of Goods Manufactured

Calculate Cost of Goods Sold

Income Statement

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O .1 .2 .3 14 17 Interest Expense Raw Materials Beginning Raw Materials Ending Purchased Raw Materials Work in Process Beginning Work in Process Ending Administrative Expenses Selling Costs Direct Labor Costs Manufacturing Overhead Costs Indirect Materials Manufacturing Overhead Applied to Work in Process Finished Goods Inventory Beginning Finished Goods Inventory Ending Last Year Sales Tax Rate $500 $35,000 $22,000 $76,000 $18,000 $9,000 $147,000 $57,205 $81,000 $42,000 $2,900 $45,000 $46,000 $38,000 $526,000 27%