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From the following data, compute the (a) raw materials used, (b) ending goods in process inventory and (c) cost of goods sold. Raw materials inventory
From the following data, compute the (a) raw materials used, (b) ending goods in process inventory and (c) cost of goods sold. Raw materials inventory beg 8,750, end $18,725; Goods in process inventory beg $28,000; Finished Goods Inventory beg $17,150 end $32,025; Raw materials Purchases $118,475; Direct Labor $71,750; Factory overhead $107,625 and cost of goods manufactured during the period $284,375
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