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Cost of Goods Manufactured for a Manufacturing Company The following information is available for Ethtridge Manufacturing Company for the month ending July 31: Cost of
Cost of Goods Manufactured for a Manufacturing Company
The following information is available for Ethtridge Manufacturing Company for the month ending July 31:
| Cost of direct materials used in production | $106,500 |
| Direct labor | 127,800 |
| Work in process inventory, July 1 | 47,900 |
| Work in process inventory, July 31 | 65,000 |
| Total factory overhead | 58,600 |
Determine Ethtridge's cost of goods manufactured for the month ended July 31.
| Ethtridge Manufacturing Company | ||
| Statement of Cost of Goods Manufactured | ||
| For the Month Ended July 31 | ||
| Work in process inventory, July 1 | $ | |
| Add manufacturing costs incurred during July: | ||
| Cost of direct materials used in production | $ | |
| Direct labor | ||
| Factory overhead | ||
| Total manufacturing costs incurred | ||
| Total manufacturing costs | $ | |
| Less work in process inventory, July 31 | ||
| Cost of goods manufactured | $ | |
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International Trade
Authors: John McLaren
1st edition
978-0470408797
