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Compute the Cost of Goods Sold for 2016 using the following information: Direct Materials, Jan. 1, 2016 $ 49,000 Work-in-Process, Dec. 31, 2016 73,500 Direct
Compute the Cost of Goods Sold for 2016 using the following information:
Direct Materials, Jan. 1, 2016 | $ | 49,000 | |
Work-in-Process, Dec. 31, 2016 | 73,500 | ||
Direct Labor | 57,500 | ||
Finished Goods, Dec. 31, 2016 | 123,000 | ||
Finished Goods, Jan. 1, 2016 | 155,000 | ||
Manufacturing Overhead | 78,500 | ||
Direct Materials, Dec. 31, 2016 | 61,000 | ||
Work-in Process, Jan. 1, 2016 | 105,000 | ||
Purchases of Direct Material | 93,000 | ||
$282,500
$280,500
$248,500
$229,000
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