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Wasik Company had the following inventory balances at the beginning and end of August: August August 31 Raw Material Inventory $58,000 $84,000 Work in Process
Wasik Company had the following inventory balances at the beginning and end of August: August August 31 Raw Material Inventory $58,000 $84,000 Work in Process Inventory 372,000 436,000 Finished Goods Inventory 224,000 196,000 All raw material is direct to the production process. The following information is also available about August manufacturing costs: Cost of raw material used $612,000 Direct labor cost 748,000 Manufacturing overhead 564,000 a. Calculate the cost of goods manufactured for August. $ x b. Determine the cost of goods sold for August. $ X
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