Question

Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted).

Sales revenue	$ 4,000
Purchases of direct materials	$ 400
Direct labor	$ 450
Manufacturing overhead	$ 620
Operating expenses	$ 650
Beginning raw materials inventory	$ 200
Ending raw materials inventory	$ 180
Beginning work in process inventory	$ 320
Ending work in process inventory	$ 410
Beginning finished goods inventory	$ 250
Ending finished goods inventory	$ 200

What was cost of goods manufactured?

Answer 1

Purchase of Direct Materials Direct Labour Manufacturing Overhead Beginning work in process inventory 320 Beginning raw material inventory Total Less:- Ending work in process inventory410 Less:- Ending raw material inventory180 Cost of goods manufactured 400 450 $620 $200 1,990 1,400

Answer 2

Selected financial information for brookeville manufacturing is prepresented in the following table. Sales revenue $4,000 Purchase of direct material $400 Direct labour $450 Manufacturing overhead $620 Operating Expense $650 beginning raw materials invontary $200 Ending raw materials invontary $180 beginning work in process invontary $320 Ending work in process invontary $410 Beginning finished good Invontary $250 Ending finished goods invontary $200 Parepare:Direct material used