The following balances are from the accounts of Crabtree Machining Company: Direct materials purchased during the year

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The following balances are from the accounts of Crabtree Machining Company:
The following balances are from the accounts of Crabtree Machining

Direct materials purchased during the year amount to $717,600, and the cost of goods sold for the year was $2,606,880.
Required
Reconstruct a cost of goods sold statement and fill in the following missing data:
a. Cost of direct materials used during the year.
b. Cost of goods manufactured during the year.
c. Total manufacturing costs incurred during the year.

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Related Book For  book-img-for-question

Fundamentals of Cost Accounting

ISBN: 978-1259565403

5th edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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