Cost of Goods Sold, Cost of Goods Manufactured

Woodfall Company has the following information for June:

Costs Type Amount

Cost of direct materials used in production $$65,000$

Direct labor $80,000$

Factory overhead $20,000$

Work in process inventory, June $154,000$

Work in process inventory, June $3057,000$

Finished goods inventory, June $121,000$

Finished goods inventory, June $3016,000$

Question Content Area

a$.$ For June, determine the cost of goods manufactured.

Using the data given, prepare a statement of Cost of Goods Manufactured.

Woodfall Company

Statement of Cost of Goods Manufactured

Costs Type Amount Amount

$$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Total manufacturing costs incurred in June Total manufacturing costs incurred in June

Total manufacturing costs $Total manufacturing costs

$-$ Select $-$

Cost of goods manufactured $Cost of goods manufactured

Question Content Area

b$.$ For June, determine the cost of goods sold.

Using the data given, prepare a statement of Cost of Goods Sold.

Woodfall Company

Statement of Cost of Goods Sold

Costs Type Amount

$$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

Cost of goods sold $Cost of goods sold