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X Company is a manufacturing firm. It incurred the following manufacturing costs in 2019: Direct material $105,890 Direct labor 63,075 Overhead 147,436 Total $316,401 All
X Company is a manufacturing firm. It incurred the following manufacturing costs in 2019:
Direct material | $105,890 |
Direct labor | 63,075 |
Overhead | 147,436 |
Total | $316,401 |
All jobs were started, finished, and sold in 2019, except for the following jobs:
Job | Status | Cost |
AA | started and finished in 2019; not sold in 2019 | $28,955 |
BB | started in 2019; not finished in 2019 | 8,405 |
CC | finished in 2018; sold in 2019 | 27,506 |
What was Cost of Goods Sold in 2019?
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