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Kevinkwee Company manufactures staplers. At the beginning of October 2023, the following information was supplied by its accountant: Direct materials inventory $69,740 Work in process

Kevinkwee Company manufactures staplers. At the beginning of October 2023, the following information was supplied by its accountant: Direct materials inventory $69,740 Work in process inventory $14,380 Finished goods inventory $14,490 During October, direct labor cost was $31,640, direct materials purchases were $100,660, and total overhead cost was $311,840. The inventories at the end of October were: Direct materials inventory $22,860 Work in process inventory $8,700 Finished goods inventory $12,190 Do not enter dollar signs or commas in the input boxes. Do not use the negative sign. a) Prepare a cost of goods manufactured statement for October.

a) Prepare a cost of goods manufactured statement for October.

Kevinkwee Company
Statement of Cost of Goods Manufactured
For the Month Ending October 31, 2023
Beginning work in process Answer
Direct materials:
Beginning inventory Answer
Purchases Answer
Materials available for use Answer
Ending Inventory Answer
Direct materials used in production Answer
Direct labor Answer
Manufacturing overhead Answer
Ending work in process Answer
Cost of goods manufactured Answer

b) Calculate the cost of goods sold for October.

Cost of goods manufactured Answer
Beginning finished goods inventory Answer
Ending finished goods inventory Answer
Cost of goods sold Answer

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