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The Accounting records of Alsafi Company include the following information for the year ended December 31, 2019: Raw Material inventory Beginning inventory S15000 Purchase of
The Accounting records of Alsafi Company include the following information for the year ended December 31", 2019: Raw Material inventory Beginning inventory S15000 Purchase of Raw Materials S50000 Ending laventory S10000 Work in process inventory Beginning inventory S7000 Direct Materials Used 1999 Manufactured Overhead S42000 Ending laventory try 000 Finished inventory Beginning inventory S60000 Cost of goods Manufactured Ending Inventory 515000 Required: For the Raw Material inventory, Calculate Direct Materials Used? For Work in process inventory, Calculate cost of manufactured goods? For Finished goods inventory, Calculate cost of goods sold (COGS)
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