Computing cost of goods manufactured, and cost of goods sold. COGM: $211,000 Balances Beginning Ending Direct Materials
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Computing cost of goods manufactured, and cost of goods sold.
| COGM: $211,000 | ||
| Balances | Beginning | Ending |
| Direct Materials | $27,000 | $28,000 |
| Work-in-Process Inventory | 40,000 | 32,000 |
| Finished Goods Inventory | 18,000 | 25,000 |
| Other Information | ||
| Purchases of direct materials | 73,000 | |
| Direct Labor | 88,000 | |
| Manufacturing overhead | 43,000 |
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