Consider the following cost info for an accounting period. Material: 428 Indirect Expense: 101 Direct Expense:...
Consider the following cost info for an accounting period.
Material: 428
Indirect Expense: 101
Direct Expense: 37
G&A: 30
What is the cost of goods sold neglecting inventory change?
Homework Answers
r
| Cost of goods sold include direct expenses and does not count indirect or G&A expenses | |||||||||
| therefore COGS computation as below - | |||||||||
| Material | 428 | ||||||||
| Direct expenses | 37 | ||||||||
| COGS | 465 | ||||||||
| ans = | 465 | ||||||||
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Consider the following cost info for an accounting period.
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