X Company, a manufacturer, incurred the following total costs
during the year:
Direct materials | $56,792 |
Direct labor | 85,940 |
Overhead | 224,548 |
The following additional information was available:
What was Cost of Goods Sold for the year?
Solution:
X Company | |
Computation of cost of goods Sold | |
Direct materials | $56,792 |
Direct Labor | $85,940 |
Overhead | $2,24,548 |
Total Manufacturing Costs | $3,67,280 |
Less: Cost of unfinished Jobs at end | $17,180 |
Cost of goods manufactured | $3,50,100 |
Less: Finished Jobs but not sold | $25,770 |
Cost of goods Sold | $3,24,330 |
X Company, a manufacturer, incurred the following total costs during the year: Direct materials $56,792 Direct...
X Company, a manufacturer, incurred the following total costs during the year: Direct materials $47,624 Direct labor 106,577 Overhead 151,364 The following additional information was available: Revenue for the year was $83,540. Direct material purchases during the year were $31,138. Several jobs that cost a total of $15,110 were unfinished as of the end of the year. Several jobs that cost a total of $26,405 were finished during the year but not sold. There were no unfinished or finished jobs...
X Company, a manufacturer, incurred the following total costs during the year: Direct materials $51,148 Direct labor 103,373 Overhead 231,140 The following additional information was available: Revenue for the year was $83,396. Direct material purchases during the year were $31,420. Several jobs that cost a total of $16,910 were unfinished as of the end of the year. Several jobs that cost a total of $25,530 were finished during the year but not sold. There were no unfinished or finished jobs...
X Company, a manufacturer, incurred the following total costs during the year: Direct materials $41,948 Direct labor 92,798 Overhead 249,464 The following additional information was available: Revenue for the year was $85,878. Direct material purchases during the year were $32,170. Several jobs that cost a total of $17,255 were unfinished as of the end of the year. Several jobs that cost a total of $26,815 were finished during the year but not sold. There were no unfinished or finished jobs...
X Company, a manufacturer, incurred the following total costs during the year: Direct materials Direct labor Overhead $59,054 106,226 178,904 The following additional information was available: • Revenue for the year was $83,528. • Direct material purchases during the year were $33,762. • Several jobs that cost a total of $15,940 were unfinished as of the end of the year. • Several jobs that cost a total of $26,425 were finished during the year but not sold. • There were...
X Company, a manufacturer, incurred the following total costs during the year: Direct materials Direct labor Overhead $58,230 83,138 237,256 The following additional information was available: • Revenue for the year was $83,390. • Direct material purchases during the year were $34,480. • Several jobs that cost a total of $16,925 were unfinished as of the end of the year. • Several jobs that cost a total of $28,955 were finished during the year but not sold. • There were...
X Company, a manufacturer, incurred the following total costs during the year: Direct materials Direct labor Overhead $58,230 83,138 237,256 The following additional information was available: • Revenue for the year was $83,390. • Direct material purchases during the year were $34,480. • Several jobs that cost a total of $16,925 were unfinished as of the end of the year. • Several jobs that cost a total of $28,955 were finished during the year but not sold. • There were...
X Company, a manufacturer, incurred the following total costs during the year: Direct materials Direct labor Overhead $55,786 110,147 204,588 The following additional information was available: • Revenue for the year was $82,502. • Direct material purchases during the year were $34,604. • Several jobs that cost a total of $18,835 were unfinished as of the end of the year. • Several jobs that cost a total of $28,980 were finished during the year but not sold. There were no...
X Company, a manufacturer, incurred the following total costs during the year: Direct materials Direct labor Overhead $53,198 106,487 203,936 The following additional information was available: • Revenue for the year was $84,810. • Direct material purchases during the year were $30,600. • Several jobs that cost a total of $15,745 were unfinished as of the end of the year. • Several jobs that cost a total of $25,430 were finished during the year but not sold. • There were...
8 pt X Company, a manufacturer, incurred the following total costs during the year: Direct materials Direct labor Overhead $40,146 101,015 174,556 The following additional information was available: • Revenue for the year was $86,028. • Direct material purchases during the year were $30,226. • Several jobs that cost a total of $19,305 were unfinished as of the end of the year. • Several jobs that cost a total of $25,780 were finished during the year but not sold. •...
8 pt X Company, a manufacturer, incurred the following total costs during the year: Direct materials Direct labor Overhead $40,146 101,015 174,556 The following additional information was available: • Revenue for the year was $86,028. • Direct material purchases during the year were $30,226. • Several jobs that cost a total of $19,305 were unfinished as of the end of the year. • Several jobs that cost a total of $25,780 were finished during the year but not sold. •...