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The following information was taken from the books of GMS Corporation for June: Raw materials inventory, beginning $ 200 Raw materials, ending $ 300 Purchases
The following information was taken from the books of GMS Corporation for June: Raw materials inventory, beginning $ 200 Raw materials, ending $ 300 Purchases of raw materials $1,500 Direct labor $1,800 Manufacturing overhead $2,300 Work in process inventory, beginning $ 800 Work in process inventory, ending $ 300 Finished goods inventory, beginning $1,200 Finished goods inventory, ending $1,000 What was the cost of goods sold for June? a. $2,200 b. $6,000 c. $6,200 d. $5,600 e. $4,100 Please show me step by step how to calculate
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