Question
EcoTech Solutions has provided the following details: Item Amount Direct Materials $45,000 Direct Labor $35,000 Factory Overhead $25,000 Work in Progress (Beginning) $10,000 Work in
EcoTech Solutions has provided the following details:
Item | Amount |
Direct Materials | $45,000 |
Direct Labor | $35,000 |
Factory Overhead | $25,000 |
Work in Progress (Beginning) | $10,000 |
Work in Progress (Ending) | $12,000 |
Finished Goods (Beginning) | $12,000 |
Finished Goods (Ending) | $16,000 |
Requirement: Calculate the total manufacturing cost and the cost of goods manufactured for EcoTech Solutions. Prepare the cost of goods sold statement and calculate the gross profit if sales were $180,000.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
