Question
please help me with the accounting problem I have attached Compute the Cost of Goods Manufactured and Cost of Goods Sold for Golden Bay Company
please help me with the accounting problem I have attached
Compute the Cost of Goods Manufactured and Cost of Goods Sold for Golden Bay Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used. Golden Bay Company Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used O Data Table Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Indirect labor Beginning of Year s s s 25,000 42,000 21 ,ooo End of Year 33,000 36,000 28,000 79,000 84000 46,000 print Insurance on plant Depreciation-plant building and equipment Repairs and maintenance-plant Marketing expenses General and administrative expenses Done s s s s End of Year 77500 13,100 4,400 76,000 26,500 s
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