Cost of Goods Sold, Cost of Goods Manufactured

Glenville Company has the following information for April:

Cost of direct materials used in production		$54,000
Direct labor		66,000
Factory overhead		20,000
Work in process inventory, April 1		45,000
Work in process inventory, April 30		50,000
Finished goods inventory, April 1		25,000
Finished goods inventory, April 30		17,000

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		$
Cost of direct materials used in production	$
Direct labor
Factory overhead
Total manufacturing costs incurred in April
Total manufacturing costs		$
Work in process inventory, April 30
Cost of goods manufactured		$

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	$
Cost of goods manufactured
Cost of finished goods available for sale	$
Finished goods inventory, April 30
Cost of goods sold	$