E18-21 (similar to)Question Help

Use the following information for a manufacturer to compute cost of goods manufactured and cost of goodssold:

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First, compute cost of goods manufactured.

Data Table

Balances:

Beginning IS THE FIRST ONE

Ending IS THE SECOND ONE

Direct Materials

1)$25,000

2)$31,000

Work-in-Process Inventory

1)$36,000

2)$29,000

Finished Goods Inventory

1)$22,000

2)$24,000

Other information:

Purchases of direct materials

$79,000

Direct labor

$81,000

Manufacturing overhead

$45,000