Question
The following information is available for Elliot Company. January 1, 2016 December 31, 2016 Raw materials inventory $26,000 $30,000 Work in process inventory 18,500 22,200
The following information is available for Elliot Company.
January 1, 2016
December 31, 2016
Raw materials inventory
$26,000
$30,000
Work in process inventory
18,500
22,200
Finished goods inventory
30,000
21,000
2016
Materials purchased
$170,000
Direct labor
230,000
Manufacturing overhead
180,000
Sales
800,000
What is the cost of goods manufactured?
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
