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Problem 23: COST OF GOODS SOLD (ACTUAL COSTING) Danica Corp. provided the following inventory balances and cost data for the month of June. Direct Materials

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Problem 23: COST OF GOODS SOLD (ACTUAL COSTING) Danica Corp. provided the following inventory balances and cost data for the month of June. Direct Materials Work in Process Finished Goods Junel 30,000 15,000 65,000 June 30 40,000 20,000 50,000 Production data for the month of June follows: Cost of goods manufactured Factory overhead applied Direct materials used Actual factory overhead 515,000 150,000 190,900 144,000 Required: Compute the cost of goods sold under actual costing

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