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The following balances appear on the accounts of Greusel Fabrication: Direct materials inventory Work-in-process inventory Finished goods inventory March 1 (Beginning) $ 36,000 62,000
The following balances appear on the accounts of Greusel Fabrication: Direct materials inventory Work-in-process inventory Finished goods inventory March 1 (Beginning) $ 36,000 62,000 42,500 March 31 (Ending) $ 41,000 66,200 38,200 Direct materials used during the year amount to $525,000 and the cost of goods sold for the year was $1,436,000. Required: Prepare a cost of goods sold statement. GREUSEL FABRICATION Cost of Goods Sold Statement Manufacturing costs Direct materials Materials available Direct materials used Total manufacturing costs Total costs of work-in-process Cost of goods manufactured Cinishad anne susilahla for eslo For the Month Ended March 31
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