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Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: (Click the icon to view account balances.)
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: (Click the icon to view account balances.) (Click the icon to view other information.) Data table Beginning Direct Materials Direct Materials Available for Use Ending Direct Materials Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured Now compute cost of goods sold. Cost of Goods Manufactured Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Sold - 25,000 Balances: 95,000 (27,000) $ 68,000 87,000 Finished Goods Inventory Beginning Ending Direct Materials $ 25,000 $ 27,000 Work-in-Process Inventory 42,000 35,000 16,000 29,000 46,000 201,000 Print Done 243,000 (35,000) - $ 208,000 Data table Other information: Purchases of direct materials $ 70,000 Direct labor 87,000 Manufacturing overhead 46,000 Print Done
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