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Direct Materials Beg: 3,000 Purchased: 60,000 Direct Materials End: 5,000 Direct Labor Costs: 80,000 Overhead Applied Rate: 150% of Direct Labor Costs WIP Beg: 1,000
Direct Materials Beg: 3,000 Purchased: 60,000 Direct Materials End: 5,000 Direct Labor Costs: 80,000 Overhead Applied Rate: 150% of Direct Labor Costs WIP Beg: 1,000 WIP End: 3,000 Fin. Goods Beg: 1,500 Fin. Goods End: 1,200
Find Cost of Goods Sold.
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