Question
GreenTech Ltd. has provided the following details: Item Amount Direct Materials $40,000 Direct Labor $30,000 Factory Overhead $20,000 Work in Progress (Beginning) $6,000 Work in
GreenTech Ltd. has provided the following details:
Item | Amount |
Direct Materials | $40,000 |
Direct Labor | $30,000 |
Factory Overhead | $20,000 |
Work in Progress (Beginning) | $6,000 |
Work in Progress (Ending) | $8,000 |
Finished Goods (Beginning) | $10,000 |
Finished Goods (Ending) | $12,000 |
Requirement: Calculate the cost of goods manufactured and the cost of goods sold for GreenTech Ltd. Also, determine the cost per unit if 10,000 units were produced.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
