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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.) X Data table First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Beginning Ending $ 25,000 $ 32,000 37,000 34,000 14,000 26,000 Direct Materials Used: -X Data table Direct Materials Used Other information: Purchases of direct materials Direct labor $ 79.000 86.000 Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Manufacturing overhead 45,000 Cost of Goods Manufactured Print Done
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