Question
The accounting records of Falcon Company revealed the following information: Raw materials used $ 60,000 Direct labor 125,000 Manufacturing overhead 360,000 Work-in-process inventory, 1/1 50,000
The accounting records of Falcon Company revealed the following information:
| Raw materials used | $ 60,000 |
| Direct labor | 125,000 |
| Manufacturing overhead | 360,000 |
| Work-in-process inventory, 1/1 | 50,000 |
| Finished-goods inventory, 1/1 | 189,000 |
| Work-in-process inventory, 12/31 | 76,000 |
| Finished-goods inventory, 12/31 | 140,000 |
Falcons cost of goods manufactured is:
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Auditing Assurance Services And Forensics A Comprehensive Approach
Authors: Felix I. Lessambo
1st Edition
3319905201, 9783319905204
