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First I used $10,000 in direct materials making my product. Then I used $20,000 in direct labor. Last I used $5000 in manufactuing overhead. Then
First I used $10,000 in direct materials making my product. Then I used $20,000 in direct labor. Last I used $5000 in manufactuing overhead. Then I sold my product. Put the journal entries in order.
Cost of goods sold 35000
Finished Goods Inventory 35000
Work in process Inventory 10000
Raw Materials 10000
Work in process Inventory 5000
Manufacturing overhead 5000
Finished Goods Inventory 35000
Work in Process Inventory 35000
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