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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.) First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct Materials Used: Direct Materials Used Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured i Data Table x Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Beginning Ending $ 23,000 $ 25,000 41,000 31,000 20,000 21,000 Print Done $ $ 76,000 Other information: Purchases of direct materials Direct labor Manufacturing overhead 83,000 40,000
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