Question
Glenville Company has the following information for April: Cost of direct materials used in production $ 44,000 Direct labor 53,000 Factory overhead 33,000 Work in
Glenville Company has the following information for April:
Cost of direct materials used in production | $ | 44,000 |
Direct labor | 53,000 | |
Factory overhead | 33,000 | |
Work in process inventory, April 1 | 32,000 | |
Work in process inventory, April 30 | 44,000 | |
Finished goods inventory, April 1 | 25,000 | |
Finished goods inventory, April 30 a) For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. | 18,000
|
Work in process inventory, April 1 _________________
Cost of direct materials used in production __________________
Direct Labor __________________
Factory Overhead __________________
Total manufacturing costs incurred in April ___________________
Total manufacturing costs ____________
Work in process inventory, April 30 _____________
Cost of goods manufactured _________________
b) For April, determine the cost of goods sold.
Using the data given, prepare a statement of Cost of Goods Sold.
Finish Goods Inventory, April 1 ________________
Cost of Goods Manufactured ___________
Cost of Finished Goods available for Sale ___________
Finished Goods Inventory, April 30 _______________
Cost of Goods Sold _________
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