Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production $56,000 Direct labor 65,000 Factory overhead 34,000 Work in process inventory, April 1 41,000 41,000 Work in process inventory, April 30 Finished goods inventory, April 1 21,000 Finished goods inventory, April 30 16,000 Finished goods inventory, April 30 16,000 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Glenville Company Statement of Cost of Goods Manufactured Work in process inventory, April 1 41,000 Cost of direct materials used in production 56,000 Direct labor 65,000 Factory overhead 34,000 155,000 Correct Total manufacturing costs incurred in April 196,000 Total manufacturing costs Work in process inventory, April 30 V 3,700 X 159,000 X Cost of goods manufactured a. Add direct materials, direct labor, and factory overhead to the beginning work in process inventor b. For April, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold. Glenville Company Statement of Cost of Goods Sold Finished goods inventory, April 1 240,000 X Cost of goods manufactured 159,000 X Cost of finished goods available for sale $ 183,000 X Finished goods inventory, April 30 V 19,000 X $ 164,000 X Cost of goods sold Feedback Check My Work