Schedule of Cost of goods manufactured and Cost of goods sold
For the year ended December 31, 2018
Beginning raw materials inventory $ 25,000 Add: Purchase of direct materials 79,000 Deduct: Ending raw materials inventory 33,000 Direct materials used in production $ 71,000 Direct Labor 84,000 Manufacturing overhead 71,000 Total manufacturing cost $ 226,000 Add: beginning work in process inventory 42,000 Deduct: ending work in process inventory 36,000 Cost of Goods Manufactured for the year $ 232,000 Add: Beginning finished goods inventory 21,000 Deduct: Ending finished goods inventory 28,000 Cost of Goods Sold $ 225000 |
All help is appreciated! E2-38B Compute Cost of Goods Manufactured and Cost of Goods Sold Learning...
Need help with the second one. Will rate! E2-38B Compute Cost of Goods Manufactured and Cost of Goods Sold (Learning Objective 5) Compute the Cost of Goods Manufactured and Cost of Goods Sold for Golden Bay Com- pany for the most recent year using the amounts described next. Assume that Raw Mate- rials Inventory contains only direct materials. Beginning End End of Year 7,500 inventory. $42,000 $36,000 Depreciation-plant building and equipment...$13,100 $21,000 $28,000 Repairs and maintenance-plant4,400 .... $76,000 of Yearof...
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