Question
Q. Based on the data provided, compute the Cost of Goods Sold Materials Inventory, 1-1-2020: $22,000 Materials Inventory, 12-31-2020: $25,000 Materials Purchased: $21,000 Indirect Materials
Q. Based on the data provided, compute the Cost of Goods Sold
Materials Inventory, 1-1-2020: $22,000 Materials Inventory, 12-31-2020: $25,000 Materials Purchased: $21,000 Indirect Materials Used: $1000 Direct Labor: $18,000 Indirect Labor: $3000 Other Factory Overhead: $8000 WIP, 1-1-2020: $20,000 WIP, 12-31-2020: $24,000 Finished Goods, 1-1: $30,000 Finished Goods, 12-31: $32,000.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
