Cost of Goods Manufactured for a Manufacturing Company
The following information is available for Ethtridge Manufacturing Company for the month ending July 31:
Cost of direct materials used in production | $106,500 |
Direct labor | 127,800 |
Work in process inventory, July 1 | 47,900 |
Work in process inventory, July 31 | 65,000 |
Total factory overhead | 58,600 |
Determine Ethtridge's cost of goods manufactured for the month ended July 31.
Ethtridge Manufacturing Company | ||
Statement of Cost of Goods Manufactured | ||
For the Month Ended July 31 | ||
Work in process inventory, July 1 | $ | |
Add manufacturing costs incurred during July: | ||
Cost of direct materials used in production | $ | |
Direct labor | ||
Factory overhead | ||
Total manufacturing costs incurred | ||
Total manufacturing costs | $ | |
Less work in process inventory, July 31 | ||
Cost of goods manufactured | $ |
Cost of Goods Manufactured for a Manufacturing Company The following information is available for Ethtridge Manufacturing...
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