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Danica Corp. provided the following inventory balances and cost data for the month of June. Direct Materials Work in Process Finished Goods June 1
Danica Corp. provided the following inventory balances and cost data for the month of June. Direct Materials Work in Process Finished Goods June 1 30 000 15 000 65 000 Production data for the month of June follows: Cost of goods manufactured Factory overhead applied Direct materials used Actual factory overhead 515 000 150 000 190 900 144 000 Required: Compute the cost of goods sold under actual costing. June 30 40 000 20 000 50 000
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