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Glenville Company has the following information for April: Cost of direct materials used in production $280,000 Direct labor 324,000 Factory overhead 188,900 Work in process

Glenville Company has the following information for April:

Cost of direct materials used in production $280,000
Direct labor 324,000
Factory overhead 188,900
Work in process inventory, April 1 72,300
Work in process inventory, April 30 76,600
Finished goods inventory, April 1 39,600
Finished goods inventory, April 30 41,200

Question Content Area

a. For April, determine the cost of goods manufactured.

Using the data given, prepare a statement of Cost of Goods Manufactured.

Glenville Company Statement of Cost of Goods Manufactured

Direct laborFactory overheadFinished goods inventory, April 30Work in process inventory, April 1

$- Select -

Cost of direct materials used in productionCost of goods manufacturedWork in process inventory, April 1Work in process inventory, April 30

$- Select -

Direct laborFinished goods inventory, April 1Work in process inventory, April 1Work in process inventory, April 30

- Select -

Cost of finished goods available for saleFactory overheadFinished goods inventory, April 30Work in process inventory, April 1

- Select -
Total manufacturing costs incurred in April fill in the blank 3d7f70f9b05707c_9
Total manufacturing costs $fill in the blank 3d7f70f9b05707c_10

Direct laborFactory overheadFinished goods inventory, April 30Work in process inventory, April 30

- Select -
Cost of goods manufactured $fill in the blank 3d7f70f9b05707c_13

Question Content Area

b. For April, determine the cost of goods sold.

Using the data given, prepare a statement of Cost of Goods Sold.

Glenville Company Statement of Cost of Goods Sold

Cost of goods available for saleFinished goods inventory, April 1Finished goods inventory, April 30Work in process inventory, April 1

$- Select -

Cost of goods available for saleCost of goods manufacturedFactory overheadFinished goods inventory, April 30

- Select -

Cost of direct materialsCost of finished goods available for saleDirect laborFinished goods inventory, April 30

$- Select -

Cost of goods available for saleCost of goods manufacturedFinished goods inventory, April 1Finished goods inventory, April 30

- Select -
Cost of goods sold $fill in the blank b123def4f04c016_9

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