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Flint Corporation provided the following data on its operations for May 2022. Description Amount Beginning Work in Process Inventory. $40,000 Ending Work in Process Inventory.
Flint Corporation provided the following data on its operations for May 2022.
| Description | Amount |
| Beginning Work in Process Inventory. | $40,000 |
| Ending Work in Process Inventory. | $70,000 |
| Direct Materials Cost. | $180,000 |
| Direct Labor Costs. | $320,000 |
| Factory Rent. | $24,000 |
| All other Factory costs. | $36,000 |
| Beginning Finished goods Inventory. | $80,000 |
| Ending Finished Goods Inventory. | $40,000 |
| Beginning Raw Materials Inventory | $120,000 |
| Ending Raw Materials Inventory | $30,000 |
Using the information from the above table Calculate Cost of Goods Manufactured?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
