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Wrangler Company makes casual jeans. During the most recent yea: Wrangler incutred direcr labor cost of S60 M and manufacruring ove- head of S75M. The
Wrangler Company makes casual jeans. During the most recent yea: Wrangler incutred direcr labor cost of S60 M and manufacruring ove- head of S75M. The company purchased direct materials of $25.71. Beginning balances for the year were Direct Materials Inventory, S3.4i work in Process Inventory, $3.8M; and Finished Goods Inventory $7.4M. At year-end, inventory accounts showed these amounts: Direct Manufacturing Direct Materials InventoryS .9M -0S Work in Process Inventory.. 1.5M Finished Goods Inventory Materials Lab Overhead S-0- 2.SM 4.0M 24M 3.2M Requirements Refer to Exhibit 18-11, p. 914. Compute 1. Wrangler Company's cost of direct materials used for the yeat. 2. Wrangler's cost of goods manufactured for the year. 3. The company's cost of goods sold for the year
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