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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 | $133,400 |
Direct labor | 160,100 |
Work in process inventory, July 1 | 60,000 |
Work in process inventory, July 31 | 81,400 |
Total factory overhead | 73,400 |
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 | ||
$ | ||
Add manufacturing costs incurred during July: | ||
$ | ||
Total manufacturing costs incurred | ||
Total manufacturing costs | $ | |
Cost of goods manufactured | $ |
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