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Sandbagger Company has the following information for December: Cost of direct materials used in production $ 63,000 Direct labor 71,000 Factory overhead 29,000 Work in
Sandbagger Company has the following information for December:
| Cost of direct materials used in production | $ | 63,000 |
| Direct labor | 71,000 | |
| Factory overhead | 29,000 | |
| Work in process inventory, December 1 | 52,000 | |
| Work in process inventory, December 31 | 41,000 | |
| Finished goods inventory, December 1 | 25,000 | |
| Finished goods inventory, December 31 | 16,000 |
a. For December, determine the cost of goods manufactured. $
b. For December, determine the cost of goods sold. $
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
978-0078025297
