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For the month of August, a manufacturing company incurred the following costs: Direct materials purchased: $60,000 Direct labor: $35,000 Manufacturing overhead: $25,000 Beginning finished goods
For the month of August, a manufacturing company incurred the following costs:
- Direct materials purchased: $60,000
- Direct labor: $35,000
- Manufacturing overhead: $25,000
- Beginning finished goods inventory: 1,000 units
- Ending finished goods inventory: 800 units
Calculate the cost of goods sold during the month.
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
