MABUHAY Manufacturing Co. has the following data:

How much is the cost of goods manufactured? 

How much is the cost of goods sold? 

Transcribed Image Text:

Inventories Raw material Work in process Finished goods 123,700 324,100 598,200 Equip parts & supplies 89,300 Other data for the COST month of june Purchases Factory Overhead 412,400 214,100 Direct labor 16,400 hours DL hrs ww 15.50 Direct labor rate per direct labor hour June 1 June 30 187,900 576,600 793,200 112,700 Inventories Raw material Work in process Finished goods 123,700 324,100 598,200 Equip parts & supplies 89,300 Other data for the COST month of june Purchases Factory Overhead 412,400 214,100 Direct labor 16,400 hours DL hrs ww 15.50 Direct labor rate per direct labor hour June 1 June 30 187,900 576,600 793,200 112,700

Answer rating: 100% (QA)

To calculate the cost of goods manufactured we need to use the following formula Cost of Goods Manuf... View the full answer