Ask Question
3 October, 06:46

Given the following dа ta: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beginning 28,000 Work in process, ending 18,000 Finished goods, beginning 28,000 Finished goods, ending 18,000 What is cost of goods sold?

+5
Answers (1)
  1. 3 October, 08:00
    0
    The answer is $152,000

    Explanation:

    Cost of goods sold = Beginning Work in process plus Cost of materials plus Direct labor costs plus Factory overhead minus Ending work in process plus Beginning finished goods minus Ending finished goods.

    $28,000 + $45,000 + $48,000 + $39,000 - $18,000 + $28,000 - $18,000

    =$152,000

    The cost of goods sold is therefore, $152,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Given the following dа ta: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers