Question
The following information is available for Collins Company. January 1, 20202020December 31, 2020 Raw materialsinventory$22,000$30,000 Work in process inventory20,30017,200 Finished goods inventory27,00029,000 Materialspurchased$170,000 Direct labor200,000
The following information is available for Collins Company.
January 1, 20202020December 31, 2020
Raw materialsinventory$22,000$30,000
Work in process inventory20,30017,200
Finished goods inventory27,00029,000
Materialspurchased$170,000
Direct labor200,000
Manufacturing overhead183,000
Sales revenue875,000
Instructions
(a) Compute cost of goods manufactured.
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
