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20 January, 19:48

Given the following, calculate cost of goods sold: Inventories: Beginning Ending Direct materials $300 $250 Work in process $400 $200 Finished goods $500 $350 Direct material purchases $4,200 Direct labor $3,000 Manufacturing overhead $5,000

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  1. 20 January, 21:12
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    Cost of Goods Sold = $12,600

    Explanation:

    Inventories:

    Beginning Direct materials $300

    +Direct material purchases $4,200

    -Ending Direct materials $250

    Direct Material used $4,250

    +Direct labor $3,000

    +Manufacturing overhead $5,000

    Total Manufacturing Cost $12,250

    +Beginning Work in process $400

    -Ending Work in process $200

    Cost of Goods Manufactured $12,450

    +Beginning Finished goods $500

    -Ending Finished goods $350

    Cost of Goods Sold $12,600
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Home » Business » Given the following, calculate cost of goods sold: Inventories: Beginning Ending Direct materials $300 $250 Work in process $400 $200 Finished goods $500 $350 Direct material purchases $4,200 Direct labor $3,000 Manufacturing overhead $5,000
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