Statement PE 1-5a

Siler company has the following information for February:

Cost of direct materials used in production $9000

Direct labour 27,000

Factory overhead 18,000

Work in process inventory, February1 25,000

Work in process inventory, February28 26,000

Finished goods inventory, February 1 11,000

Finished goods inventory, February28 13,000

For February, determine (a) the cost of goods manufactured and (b) the cost of goods sold.

Answer:

Statement PE 1-5b

Davidson company has the following information for August:

Cost of direct material used in production	$60,000
Direct labor	90,000
Factory overhead	44,000
Work in process inventory, August 1	20,000
Work in process inventory, August 31	16,000
Finished goods inventory, August 1	36,000
Finished goods inventory, August 31	20,000

For August, determine (a) the cost of goods manufactured and (b) the cost of goods sold.

Answer: