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The following balances are from the accounts of Secol Machining Company: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 98,600 $ 111,200 Work-in-process
The following balances are from the accounts of Secol Machining Company: |
January 1 (Beginning) | December 31 (Ending) | |||||
Direct materials inventory | $ | 98,600 | $ | 111,200 | ||
Work-in-process inventory | 108,800 | 105,900 | ||||
Finished goods inventory | 45,600 | 46,900 | ||||
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Direct materials purchased during the year amount to $515,100, and the cost of goods sold for the year was $1,865,000. |
Required: |
Prepare a cost of goods sold statement.(Input all amounts as positive values. Omit the "$" sign in your response.) |
Secol Machining Company Cost of Goods Sold Statement For the Year Ended December 31 | |||
$ | |||
Manufacturing costs: | |||
Direct materials: | |||
$ | |||
| |||
| |||
$ | |||
| |||
Total manufacturing costs | |||
| |||
Total costs of work in process | $ | ||
| |||
$ | |||
| |||
$ | |||
| |||
$ | |||
| |||
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