Question
hi . can you please solve this quiz for me ? find the cost of goods manufactured and cogs . COST OF GOODS MANUFACTURED Vancouver
hi . can you please solve this quiz for me ? find the cost of goods manufactured
and cogs .
COST OF GOODS MANUFACTURED Vancouver LTD. has the below inventory balances and other information at the end of dec. 2019. BALANCES BEGINNING ENDING DIRECT MATERIAL $12,450.00 $8,000.00 WORKING IN PROCESS INVENTORY $850.00 $3,500.00 FINISHED GOODS INVENTORY $200.00 $3,800.00 Other information Purchase of Direct Material $45,000.00 Factory Supervisor Salaries $5,750.00 Sales Salaries and Commissions $7,250.00 Delivery Cost $1,400.00 Sales Revenue $115,000.00 Factory Utility Costs $1,200.00 Factory Rent $17,750.00 Direct Labor $2,300.00 Requirement 1. Cost of Goods Manufactured =Direct Material Used $49,450.00 Direct Labor $23,000.00 Manufacturing Overhead Total Manufacturing Overhead Current Manufacturing Costs Manufacturing Costs Available to Complete Cost of Goods Manufactured 2. Calculate Cost of Goods Sold COGS
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