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X Company, a manufacturer, had the following inventory account balances in 2020: Account January 1 December 31 Materials $14,820 $14,478 Work in Process 16,700 16,700
X Company, a manufacturer, had the following inventory account balances in 2020:
Account | January 1 | December 31 |
Materials | $14,820 | $14,478 |
Work in Process | 16,700 | 16,700 |
Finished Goods | 15,782 | 16,812 |
The following additional information for the year is available:
Direct materials purchased | $71,863 |
Direct labor | 20,521 |
Overhead | 50,656 |
What was Cost of Goods Sold in 2020?
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